Budget and Banking
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each of the black spaces below before clicking
on it to display the answer.
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| Account | 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.
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| Budget | a plan specifying how resources, especially time or money, will be allocated or spent during a particular period
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| Checking Account | bank account: a bank account that enables you to make withdrawals or payments to other people using checks.
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| Cleared Check | The movement of a check from the depository institution
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| Credit Union | cooperative lending association: a cooperative savings association that makes loans to its members at reduced interest rates
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| Debit Card | card used for shopping without cash: a plastic card that the holder can use to pay for purchases, the money being transferred directly from the holder's bank account to the seller
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| Deposit | put money in bank: to pay money into an account in a bank or other financial institution
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| Direct Deposit | transfer of money between accounts: a method of transferring a payment such as a salary electronically directly from the payer's bank account into the payee's
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| Endorse | to give formal approval or permission for something
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| Expense | money spent on something: the amount of money spent in order to buy or do something
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| FDIC | U.S. agency insuring bank deposits: the federally chartered organization that insures deposits in U.S. banks.
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| Fees | payment for services: a payment for professional services
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| Financial Literacy | The possession of knowledge and understanding of financial matters.
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| Financial Security | Good at holding money
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| Fixed Expense | a cost unvarying with a change in the volume of business
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| Income | money received over period: the amount of money received over a period of time either as payment for work, goods, or services, or as profit on capital
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| Interest | a charge made for a loan or credit facility, or a payment made by a bank or other financial institution for the use of money deposited in an account
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| Loan Overdraft | Loan arrangement under which a bank extends credit up to a maximum amount
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| Memo | a written communication similar to a letter but without the formal address blocks at the beginning, especially one that is circulated to people within an office or organization
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| Needs | emphasizing necessity
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| Non-sufficient fund | Not having enough money in your account
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| Online Banking | A system allowing individuals to perform banking activities at home, via the internet
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| Payee | person being paid
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| Payer | person paying money
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| Reconcile | to bring into agreement or harmony; make compatible or consistent: to reconcile differing statements; to reconcile accounts
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| Savings | amount saved: a particular amount of money saved by buying the equivalent at a lower rate
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| Variable Expense | cost determined by output: a cost that varies directly in relation to output
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| Wants | desire something
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| Withdrawls | taking money from bank
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| ATM | Automated Teller Machine
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Created by:
kkirkland
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