Budget Banking Word Scramble
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Term | Definition |
ATM | cash dispenser |
Account Balance | The amount of money in a financial repository, such as a checking account, at any given moment. |
Budget | an itemized allotment of funds, time, etc., for a given period. |
Checking Account | An account at a bank against which checks can be drawn by the account depositor. |
Cleared Check | It means the check was cashed or deposited |
Credit Union | A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc. |
Debit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
Deposit | A sum of money placed or kept in a bank account, usually to gain interest A sum of money placed or kept in a bank account, usually to gain interest. |
Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account. |
Endorse | To write one's signature on the back of a check, |
Expense | The cost required for something; the money spent on something. |
FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits. |
Fees | 2.Money paid as part of a special transaction, e.g., for a privilege or for admission to something. A payment made for professional advice or services |
Financial Literacy | the ability to understand finance |
Financial Security | Freedom from risk or danger; safety for your money |
Fixed Expense | A cost that does not change with an increase or decrease in the amount of goods or services produced |
Income | Money received, esp. on a regular basis, for work or through investments. |
Interest | The charge for the privilege of borrowing money, typically expressed as an annual percentage rate. |
Loan Overdraft | The amount by which withdrawals exceed deposits |
Memo | A written message, esp. in business; a memorandum A written message, esp. in business; a memorandum. |
Needs | Something required |
Non-sufficient funds (NSF) | A term used to indicate when an item such as a check, or other transaction presented for payment is returned unpaid |
Online Banking | allows customers to conduct financial transactions on a secure website operated by their retail |
Payee | A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable. |
Payer | a person who pays money for something. |
Reconcile | An accounting process used to compare two sets of records to ensure the figures are in agreement and are accurate |
Savings | 2.The money one has saved, esp. through a bank or official scheme |
Variable Expenses | expenses that change in proportion to the activity of a business |
Wants | Have a desire to possess or do (something); wish for |
Withdrawal | An act of taking money out of an account. |
Created by:
acarter13
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