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Financial Literacy
Lesson 2
| Term | Definition |
|---|---|
| Bounced Check | A check that is written for more than the amount of money in a checking account. |
| CFO | The chief financial officer is responsible for a business's finances. |
| Check Register | A booklet for recording money put into (deposited) or removed from (withdrawn) an account. |
| Deposit Ticket | A written record of money put into a checking account. |
| Direct Deposit | An electronic transfer of money from one account to another; often used by employers to pay employees. |
| Endorse | To write a signature on the back of a check. |
| Income | The money people earn for their work. |
| Net Deposit | The amount of money placed into an account after all deductions, such as cash back, are made. |
| Paycheck | A check received for work completed. |
| Personal Check | A check written from a personal checking account. |