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vocab ch2

TermDefinition
Bank Account 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
Budget a quantitative financial plan that estimates revenues and expenses over a specific period, such as a month, quarter, or year
Cash money in the form of physical coins and paper banknotes, or liquid assets that can be used immediately
Checking Account
Clearing
Copay
Credit
Debit
Debt
Deposit
Double Entry Accounting
Expense
Income
Interest
Net Pay
Paystub
Principal
Transfer
Utilities
Created by: Btaggart32
 

 



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