Budget and Banking Word Scramble
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Term | Definition |
1. ATM | Automated Teller Machine. |
2. Account Balance | A balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world. |
3. Budget | An estimate of income and expenditure for a set period of time. |
4. Checking Account | An account at a bank against which checks can be drawn by the account depositor |
5. Cleared Check | The process in which reserves or funds are transferred among banks to settle the accounts of checks written on one account and deposited into another. |
6. Credit Union | A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc |
7. Debit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
8. Deposit | A sum of money placed or kept in a bank account, usually to gain interest. |
9. Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account. |
10. Endorse | 2.Signing a check so it may be cashed |
11. Expense | Offset (an item of expenditure) as an expense against taxable income. |
12. FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits. |
13. Fees | 2.Money paid as part of a special transaction, e.g., for a privilege or for admission to something |
14. Financial Literacy | Financial literacy is the ability to understand finance. |
15. Financial Security | A security is a fungible, negotiable instrument representing financial value. |
16. Fixed Expense | Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change |
17. Income | Money received, esp. on a regular basis, for work or through investments |
18. Interest | Interest is a fee paid on borrowed assets |
19. Loan Overdraft | Loan arrangement under which a bank extends credit up to a maximum amount (called overdraft limit) |
20. Memo | A written message, esp. in business; a memorandum |
21. Needs | Cannot avoid or help doing something. |
22. Non-sufficient 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. |
23. Online Banking | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail |
24. Payee | A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable |
25. Payer | a person who pays money for something |
26. Reconcile | Cause to coexist in harmony; make or show to be compatible |
27. Savings | The money one has saved, esp. through a bank or official scheme |
28. Variable Expenses | A cost to a person or business that varies over time according to a number of factors. |
29. Wants | Have a desire to possess or do (something); wish for |
30. Withdrawal | An act of taking money out of an account |
Created by:
Lil_Timmy33
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