an electronic telecommunications device that enables customs of financial institutions

the net amount of money in a financial account

3. Bank Reconciliation

accounting process of comparing a company's internal cash records

an estimate of income and expenditure for a set period of time

an account at a bank against which checks can be drawn by the account

a financial record used to track all deposits

bank has successfully processed a deposited check

a non profit making money cooperative whose members can borrow from pooled deposits at low interest rates

a card issued by a bank allowing the holder to transfer money

a sum of money placed or kept in a bank account

the electronic transfer of a payment directly from the account of the payer to the recipients account

declare ones public approval or support of

the cost required for something the money spent on something

U.S government agency that insures deposits in banks

a payment made to a professional person or to a professional in exchange for advice or services

16. Financial Literacy

ability to understand and effectively apply financial knowledge and skills like budgeting saving and investing

17. Financial Security

having enough resources to comfortably cover your current living expenses

costs that remain consistent and predictable over time

money received especially on a regular basis

money paid regularly at a particular rate for the use of the money

allowing you to withdraw more funds than available

a written message within a business or organization

24. Non-sufficient funds (NSF)

you don't have enough money in your bank account to cover a transaction

a method of banking in which transactions are conducted electronically via the internet

a person to whom money is paid or is to be paid especially the person to whom a check is made payable

a person or organization that gives money which is due for work done goods received or a debt incurred

process of comparing two sets of financial records to ensure accuracy

the money one has saved especially through a bank or investment plan

30. Variable Expenses

costs that change in total amount bases on your consumption

something a person wants but does not need only if necessary

an act of taking money out of an account

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budget and banking

Term	Definition
1. ATM	an electronic telecommunications device that enables customs of financial institutions
2. Account Balance	the net amount of money in a financial account
3. Bank Reconciliation	accounting process of comparing a company's internal cash records
4. Budget	an estimate of income and expenditure for a set period of time
checking account	an account at a bank against which checks can be drawn by the account
6. Check Register	a financial record used to track all deposits
7. Cleared Check	bank has successfully processed a deposited check
8. Credit Union	a non profit making money cooperative whose members can borrow from pooled deposits at low interest rates
9. Debit Card	a card issued by a bank allowing the holder to transfer money
10. Deposit	a sum of money placed or kept in a bank account
11. Direct Deposit	the electronic transfer of a payment directly from the account of the payer to the recipients account
12. Endorse	declare ones public approval or support of
13. Expense	the cost required for something the money spent on something
14. FDIC	U.S government agency that insures deposits in banks
15. Fees	a payment made to a professional person or to a professional in exchange for advice or services
16. Financial Literacy	ability to understand and effectively apply financial knowledge and skills like budgeting saving and investing
17. Financial Security	having enough resources to comfortably cover your current living expenses
18. Fixed Expense	costs that remain consistent and predictable over time
19. Income	money received especially on a regular basis
20. Interest	money paid regularly at a particular rate for the use of the money
21. Loan Overdraft	allowing you to withdraw more funds than available
22. Memo	a written message within a business or organization
23. Needs	of necessity
24. Non-sufficient funds (NSF)	you don't have enough money in your bank account to cover a transaction
25. Online Banking	a method of banking in which transactions are conducted electronically via the internet
26. Payee	a person to whom money is paid or is to be paid especially the person to whom a check is made payable
27. Payer	a person or organization that gives money which is due for work done goods received or a debt incurred
28. Reconcile	process of comparing two sets of financial records to ensure accuracy
29. Savings	the money one has saved especially through a bank or investment plan
30. Variable Expenses	costs that change in total amount bases on your consumption
31. Wants	something a person wants but does not need only if necessary
32. Withdrawal	an act of taking money out of an account

Created by: Hstephens27

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