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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Check Register | A booklet for recording money put into (deposited) or removed from (withdrawn) an account.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. |