Budget and Banking Word Scramble
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term | Definition |
ATM | automated-teller machine |
Account Balance | how much money is in a persons savings account |
Budget | An estimate of income and expenditure for a set period of time |
Checking Account | An account at a bank against which checks can be drawn by the account depositor |
Cleared Check | the money is taken from a checking account and sent to the check recipient's account. |
Credit Union | a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit |
Debit Card | A debit card (also known as a bank card or check card) is a plastic card that provides the cardholder electronic access to his or her bank |
Deposit | to place for safekeeping or in trust, especially in a bank account: He deposited his paycheck every Friday. |
Direct Deposit | a banking option that allows for the transfer of funds without paper checks. |
Endorse | approve something formally: to give formal approval or permission for something |
Expense | cost or charge |
FDIC | an independent agency created by the U.S. Congress to maintain stability and public confidence |
Fees | the price one pays as remuneration for services. |
Financial Literacy | the ability to understand how money works in the world: how someone manages to earn or make it |
Fixed Expense | 1.unchanging expense: a business expense that does not vary according to the amount of business |
Income | 1.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 |
Interest | The fee charged by a lender to a borrower for the use of borrowed money, |
Loan Overdraft | Loan arrangement under which a bank extends credit up to a maximum amount (called overdraft limit) against which a current (checking) account |
Memo | 1.written communication: 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 |
Non-sufficient funds | a term used in the banking industry to indicate that a demand for payment (a cheque) cannot be honored because insufficient funds |
Online Banking | A system allowing individuals to perform banking activities at home, via the internet |
Payee | 1.person being paid: somebody to whom money is being paid or is due, especially the person to whom a check or money order is payable |
payer | 2.somebody responsible for payment: the person named as responsible for the payment of a check, money order, or other financial paper when it is redeemed |
Reconcile | end conflict: to solve a dispute or end a quarrel |
Savings | money saved: money set aside for future use |
Variable Expenses | cost determined by output: a cost that varies directly in relation to output |
Withdrawal | 1.taking money from bank: the act of taking money from a bank account, or the amount of money taken out |
Wants | desire something: to feel a need or desire for something |
Created by:
Kaylarenee
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