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 | for automated teller machine, a machine at a bank branch or other location which enables a customer to perform basic banking activities
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Account Balance | amount of money in an account, equal to the net of credits and debits at that point in time for that account.
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Budget | An itemized forecast of an individual's or company's income and expenses expected for some period in the future.
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Checking Account | A transactional deposit account held at a financial institution that allows for withdrawals and deposits.
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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 | Member-owned financial co-operative. These institutions are created and operated by its members and profits are shared amongst the owners.
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Debit Card | An electronic card issued by a bank which allows bank clients access to their account to withdraw or pay for goods and services.
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Deposit | A transaction involving a transfer of funds to another party for safekeeping.
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Direct Desposit | Electronic funds that are deposited directly into your bank account rather than through a paper check.
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Endorse | To sign a legal document, such as a check. See also endorsement and endorser.
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Expense | The economic costs that a business incurs through its operations to earn revenue.
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FDIC | Federal Deposit Insurance Corporation. A federal agency that insures deposits in member banks and thrifts up to $100,000.
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Fees | Pay money for what you want.
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Finacial Literacy | Possessing the knowledge necessary to understand concepts related to finance.
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Financial Security | Making sure that your money is safe.
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Fixed Expense | Expenses that remain the same regardless of occupancy.
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Income | The money that you make.
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Interest | The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.
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Loan Overdraft | The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation.
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Memo | A written message, esp. in buisness.
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Needs | Cannot avoid or help doing something.
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Non-sufficient funds (NSF) | is a term used in the banking industry to indicate that a demand for payment (a check)
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Online Banking | allows customers to conduct financial transactions on a secure website operated by their retail.
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Payee | A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable.
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Payer | a person who pays money for something.
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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 | putting money into an account for future use
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Variable Expenses | costs are expenses that change in proportion to the activity of a business.
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Wants | Have a desire to possess or do (something); wish for.
Have a desire to possess or do (something); wish for.
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Withdrawal | The action of withdrawing something.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Ktowner1215
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