Term | Definition |
ATM | "Automated Teller Machine (cash machine)" |
Account Balance | The amount of money in an account, equal to the net of credits and debits at that point in time for that account. also called balance. |
Budget | A budget can be made for a person, family, group of people, business, government, country, multinational organization or just about anything else that makes and spends money |
Checking Account | In deposit terminology, the term Checking Account refers to a deposit account at a bank or other financial institution which allows the holder of the account the ability to write checks against their deposits. While most Checking Accounts do not pay inter |
Cleared Check | The movement of a check from the depository institution at which it was deposited back to the institution on which it was written; the movement of funds in the opposite direction and the corresponding credit and debit to the involved accounts. The Federal |
Credi Uniont | A non-profit financial institution that is owned and operated entirely by its members |
Debit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
Depsoit | A sum of money placed or kept in a bank account, usually to gain interest |
Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account. |
Endorse | 1.Declare one's public approval or support of.
2.Recommend (a product) in an advertisement |
Expense
Have a desire to possess or do (something); wish for. | The cost required for something; the money spent on something
The cost required for something; the money spent on something.
The cost required for something; the money spent on something.
The cost required for something; |
FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits. |
Fees | 1.A payment made for professional advice or services.
2.Money paid as part of a special transaction, e.g., for a privilege or for admission to something. |
Financial Literacy | Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that allow an... |
Financial Security | A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities... |
Fixed Expense | Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change... |
Income | Money received, esp. on a regular basis, for work
Money received, esp. on a regular basis, for work or through investments. |
Interest | The state of wanting to know or learn about something or someone: "many people lose interest in history". |
Loan Overdraft | The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation.
Usage Examples
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Memo | A written message, esp. in business; a memorandum.
A written message, esp. in business; a memorandum.
A written message, esp. in business |
Needs | Cannot avoid or help doing something: "they must needs depart". |
Nonsufficient funds (NSF)- | Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a demand for payment (a check) cannot be honored... |
Online Banking | banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail |
Payee | A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable. |
Payer | a person who pays money for something |
Reconcile | 1.Restore friendly relations between: "she wanted to be reconciled with her father".
2.Cause to coexist in harmony; make or show to be compatible |
Savings | 1.An economy of or reduction in money, time, or another resource.
2.The money one has saved, esp. through a bank or official scheme |
Variable Expenses | (Variable expense) Variable costs are expenses that change in proportion to the activity of a business.Garrison, Noreen |
Wants | Have a desire to possess or do (something);
Have a desire to possess or do (something); wish for. |
Have a desire to possess or do (something); wish for. | |