Budget and Banking
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| ATM | automated-teller machine
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| Account Balance | The amount of money in a financial repository, such as a checking account, at any given moment.
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| Budget | an estimate, often itemized, of expected income and expense for a given period in the future.
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| Checking Account | a bank deposit against which checks can be drawn by the depositor.
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| Cleared Check | Movement of a check from the bank in which it was deposited to the bank on which it was drawn, and the movement of its face amount in the opposite direction.
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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 | 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 Deposit | a plan in which salaries or other payments are transferred by the paying agency directly to the accounts of the recipients.
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| Endorse | to designate oneself as payee of (a check) by signing, usually on the reverse side of the instrument.
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| Expense | cost or charge
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| FDIC | Federal Deposit Insurance Corporation.
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| Fees | a charge or payment for professional services
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| Finacial Literacy |
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| Finacial Security |
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| Fixed Expense |
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| Income | the monetary payment received for goods or services, or from other sources, as rents or investments.
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| Interest | the feeling of a person whose attention, concern, or curiosity is particularly engaged by something.
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| Loan Overdraft | An overdraft allows the individual to continue withdrawing money even if the account has no funds in it
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| Memo | memorandum.
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| Needs | of necessity; necessarily (usually preceded or followed by must )
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| Non-sufficient funds (NSF) | Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a demand for payment (a cheque) cannot be honored because insufficient funds are available in the account on which the instrument was drawn.
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| Online Banking |
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| Payee |
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| Payer | person who give out pay.
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| Reconcile | to cause (a person) to accept or be resigned to something not desired:
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| Savings | tending or serving to save; rescuing; preserving.
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| Variable Expenses |
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| Wants | to feel a need or a desire for; wish for:
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| Withdrawl | to draw back, away, or aside; take back; remove:
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Or sort by any of the columns using the down arrow next to any column heading.
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Created by:
freeted
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