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Vocabulary Review
Term | Definition |
---|---|
ATM | Automated teller machine that dispenses cash |
Balance | Amount of money in your account |
Account Number | The number which identifies your account |
Bill | Monthly statement that tells you how much you have paid and how much you owe |
Balance | Amount of money in your checking or savings account |
Credit Score | The score that businesses use to determine if they will give you credit. |
Customer | Person who buys what a store sales |
Company | Store where you buy items or purchase services |
Debit Card | A card issued by the bank that allows you to pay for items using your money. |
Due Date | Pay bill by this date |
Draft | a check drawn by a bank on its own funds in another bank |
Minimum payment | Amount of money needed to make a payment |
Returned check | Check returned to the customer due to not enough money in the bank to pay the check Also known as a "bounced check" |
Mortgage | Amount you pay each month for your house payment |
Pin | Personal Identification number |
Transactions | Activity you make on your account |