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money test

Termdefinition
automated teller machine Atm a machine that can perform banking transactions
asset a item that owend that has value
balance the amount of money in an account to find the difference berween the debits a credits in an account
budget a plan created to monitor spending and saving to plan for expenses.
capital the value personal items owned including saving investments and property
check register a log to keep track of all checking account transactions including chercks written debits deposits and fees
credit report your financial report card which includes a record
debit card a plastic card used for purchases and cash withdrawals that take money directly from the bank account.
debt money owed
deposit money put into an account
dividend a sum of money given as a bonus
draft another came for a check to take money from an account
fixed not changing
gross the total amount of earning before taxes are taken out
interest 1 the amount paid to a lender for borrowing money
interest 2 the profit earned on an investment
liability the amount a person owes including unpaid bills, credit card charges, personal loans, and taxes
mortgage a loan to buy real estate including a home
net income the amount of pay left after all payroll deductions have been take out take home pay
net worth the amount of what you have of value minus you owe
overdraft a withdrawal from a bank account that exceeds the balance
personal identification numner (PIn) Unique pass code for your debit card
principal the amount of money borrowed
routing number a number on a check that identifies the bank
variable subject to change
finance charge the total dollar amount a buyer pays to use credit
Created by: kalebanderson
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