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Banzai Vocab
| Question | Answer |
|---|---|
| Cash | Physical Money. |
| Checking Account | Account for daily expenses. |
| Deposit | Money given to a financial institution for safe keeping. |
| Credit | Getting something know you'll pay for it later. |
| Principal | Amount of money that you get from a loan or credit card. |
| Interest | A percentage charged when you owe money, or when you're owed money. |
| Accounts | A record taken by a bank. |
| Budget | Telling how you spend your money before you do |
| Expense | Something that costs money out of your account. |
| Balance | Amount owned in your account. |
| Net Pay: | The amount of money in your paycheck after you taxes were withheld. |
| Income | Money earned through work. |
| Double-Entry Accounting | A budgeting method where you record your earnings twice. |
| Transfer | Moving money from one account to another. |
| Copay | Amount you pay after insurance. |