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Banking Words
| Term | Definition |
|---|---|
| Balance | the amount of money in a checking account |
| Canceled Check | a check the bank has marked "paid" to show that it can not be used again. |
| Checking Account | a banking plan that lets you pay bills - money for everyday spending |
| Minimum Balance | the lowest amount of money in your checking account |
| Service Charge | a fee you pay the bank for aking care of of your money |
| Balance forwarded | balance form the page before in a check register. |
| Check register | a book to keep track of the check you write, deposits you make and ATM withdrawls and other transcations |
| Check Stub | the part of the check that tells about the check |
| Bank statement | a form the bank sends out each month listing all the transacations made that month |
| Beginning balance | the balance in a bank account at the befinning of the time the bank statement covers |
| Closing date | the date the bank sattement is made out by the bank, the date of the last transaction on that statement |
| Ending balance | the balance in a bank account at the end of the time the bank statement covers |
| Outstanding check | a check you have written that has not yet cleared the bank |
Created by:
davislife
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