A bank account is a financial arrangement with a bank or credit union that lets you safely deposit, store, withdraw, and transfer money while the institution keeps a record of your transactions.

a state of equilibrium, where physical, mental, financial, or opposing forces are held in equal or stable proportions.

a financial plan that tracks your expected income and expenses over a specific period of time

money in the physical form of coins and paper bills

deposit account held at a bank, credit union, or financial institution designed for everyday financial transactions.

most commonly refers to an open, treeless space within a forest, the act of making or removing something, or the financ

fixed, flat dollar amount that you pay out-of-pocket for a covered healthcare service or prescription medication.

a financial arrangement where a lender provides goods, services, or money to a borrower who promises to pay it back later, usually with interest.

a financial entry or transaction that records money taken out of a bank account or an entry on the left-hand side of a ledger in bookkeeping.

something owed to another party—usually money—or the state of owing an obligation.

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chaper 2 vocab

Term	Definition
bank account	A bank account is a financial arrangement with a bank or credit union that lets you safely deposit, store, withdraw, and transfer money while the institution keeps a record of your transactions.
balance	a state of equilibrium, where physical, mental, financial, or opposing forces are held in equal or stable proportions.
udget	a financial plan that tracks your expected income and expenses over a specific period of time
. Cash	money in the physical form of coins and paper bills
checking Account	deposit account held at a bank, credit union, or financial institution designed for everyday financial transactions.
Clearing	most commonly refers to an open, treeless space within a forest, the act of making or removing something, or the financ
Copay	fixed, flat dollar amount that you pay out-of-pocket for a covered healthcare service or prescription medication.
Credit	a financial arrangement where a lender provides goods, services, or money to a borrower who promises to pay it back later, usually with interest.
Debit	a financial entry or transaction that records money taken out of a bank account or an entry on the left-hand side of a ledger in bookkeeping.
. Debt	something owed to another party—usually money—or the state of owing an obligation.

Created by: jcaughel32

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