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| Term | Definition |
|---|---|
| asset | an item owned that has value |
| ATM | a machine that can perform banking transaction. |
| balance | the amount of money in an account to find the different between the debits and credits in an account. |
| budget | a plan created to monitor spending and savings to plan for express. |
| capital | the value of personal items owned including savings investment an property. |
| check register | a log to keep track of all checking accounts transaction including checks written debits deposits and fees. |
| credit report | your financial report card which includes a report card which includes a record of weather you have been or time in making your loan and credit payments the information in your credit report determines your credit score which i shared with lenders and l |
| debit card | a plastic card used for purchases and cash withdrawals that takes money directly from a bank account. |
| debit | money owned |
| deposit | money put into an account to put money into an account. |
| dividend | a sum of money given as a bonus based on earning or saving from a bank or company. |
| draft | another name for a check which is a written order instructing a financial institution to pay a specific amount of money from the account of the person whose name is signed at the bottom to take money from account. |
| finance charge | the total dollar amount a buyer pay to use credit including interest cost service charges and insurance. |
| fixed | not changing |
| gross income | the total amount of earnings before any taxes or other payments are taken out. |
| interest | the amount paid to a lender for borrowing money. |
| liability | the amount a person owes including unpaid bills credit card changes personal loans and taxes. |
| mortgage | a loan to buy real estate including a home and or property. |
| net income | the amount of pay left after all payroll deductions have been taken out also called take home pay. |
| net worth | the amount of what you have of value minus what you owe |
| overdraft | a withdrawal from bank account that exceeds the balance this can result in check being returned and fees being charged. |
| pin | the unique pass code number you use to access your savings or checking accounts and or to use your debit card. |
| principal | the amount borrowed the starting amount of an investment. |
| routing number | a number on a check that identifies the bank where the amount is held. |
| variable | subject of change |