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budget and banking

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Term
automated teler machine
account balance   . The amount of money in a financial repository, such as a checking account, at any given moment.  
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budget   the total sum of money set aside or needed for a purpose: the construction budget.  
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checking account   bank deposit against which checks can be drawn by the depositor.  
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cleared check   a check that has been cleared by bank account  
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credit union   a cooperative group that makes loans to its members at low rates of interest.  
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debit card   noun a plastic card that resembles a credit card but functions like a check and through which payments for purchases or services are made electronically to the bank accounts of participating retailing establishments directly from those of card holders.  
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deposit   to place for safekeeping or in trust, especially in a bank account:  
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direct diposit   also known as direct credit is a banking term that describes a deposit of money straight from the source into a bank account,  
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endorse   1.Declare one's public approval or support of. 2.Recommend (a product) in an advertisement  
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expense   common usage, an expense or expenditure is an outflow of money to another person or group to pay for an item or service, or for a category of costs.  
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FDIC   Federal Deposit Insurance Corporation.  
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fees   . a charge or payment for professional services: a doctor's fee. 2. a sum paid or charged for a privilege: an admission fee. 3. a charge allowed by law for the service of a public officer.  
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financial literacy   is the ability to understand how money works in the world  
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financial security   security or financial instrument is a tradable asset of any kind. Securities are broadly categorized into: debt securities (such as banknotes, bonds and  
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fixed expence   An expense that does not change from time period to time period. For example, a company may rent a piece of property for $4,000 per month. A company often prefers to have fixed costs because they reduce uncertainty, but this is not always possible.  
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income   is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.  
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interest   is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets.  
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loan overdraft   an act or instance of overdrawing a checking account. 2. a check overdrawn on a checking account. 3. the amount overdrawn. 4. an excessive drawing on or drawing off of something. 5. a draft made to pass over a fire, as in a furna  
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memo   noun, plural memĀ·os. memorandum or reminder  
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needs   to be in need or want. adverb of necessity; necessarily (usually preceded or followed by must ):  
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non-sufficient funds (nsf)   National Science Foundation. 2. not sufficient funds.  
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online banking   The performance of banking activities via the Internet. Online banking is also known as "Internet banking" or "Web banking."  
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payee   one to whom money is or is to be paid  
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payer   : one that pays; especially: the person by whom a bill or note has been or should be paid  
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reconcile   a: to check (a financial account) against another for accuracy b: to account for  
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ATM   automative teller machine gives money in replacement to a bank teller  
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