Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.

By signing up, I agree to StudyStack's Terms of Service and Privacy Policy.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Budget and Banking

TermDefinition
ATM Electronic Banking Outlet, Anyone with a credit card or debit card can access most ATMs.
Account Balance Amount of money in a account. Such as a savings account.
Bank Reconciliation A form that allows individuals to compare their personal bank account records to the bank's records of the individual's account balance in order to uncover any possible similarities
Budget estimate of income for a set period of time
Checking Account account at a bank against which checks can be drawn by the account depositor
Check Register document, usually part of the general ledger, used to record financial transactions in cash
Cleared Check Movement of a check from the bank in which it was deposited to the bank on which it was drawn
Credit Union a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates
Debit Card a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase
Deposit sum of money placed or kept in a bank account, usually to gain interest
Direct Deposit the electronic transfer of a payment directly from the account of the payer to the recipient's account
Endorse sign (a check or bill of exchange) on the back to make it payable to someone other than the stated payee or to accept responsibility for paying it.
Expense the cost required for something; the money spent on something
FDIC The Federal Deposit Insurance Corporation
Fees make a payment to someone in return for services.
Financial Literacy is the ability to use knowledge and skills to manage one's financial resources effectively for lifetime financial security.
Financial Security peaceful state of mind for not being in debt
Fixed Expense an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity
Income money received
Interest money paid regularly at a particular rate
Loan Overdraft a limit on borrowing on a bank current account
Memo a written message
Needs cannot avoid or help doing something
Non-Sufficient Funds (NSF) NSF) is a term used in the banking industry, meaning no money is available in this account
Online Banking method of banking in which transactions are conducted electronically via the Internet
Payee person to whom money is paid or is to be paid
Payer a person or organization that gives someone money that is due for work done, goods received, or a debt incurred
Reconcile make an account
Savings the money one has saved
Variable Expenses increase or decrease depending on a company's production volume
Wants to wish for
Withdrawal taking money out of an account
Created by: ascheffer19