Chk-Sav-Csh Vocab SG Word Scramble
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Term | Definition |
deposit | Coins, checks, and currency put into a bank account |
direct deposit | A deposit which is electronically transferred from your employer to your |
checking account | An account at a bank which gives you easy access to your money |
check register | Assists you in keeping a record of your deposits and withdrawals |
balance | The amount of money in your checking account |
bank statement | A listing from the bank of all your transactions for the month |
service charge | A fee for conducting business through your bank |
reconcile | Comparing your check register with your bank statement |
savings account | A specific type of bank account which earns interest |
deposit | The money you put in the bank, credit union, or brokerage firm |
interest | The amount of money paid for the use of a lender's money |
simple interest | Based on three factors: principal, rate, and time |
compound interest | Earned on original principal plus interest earned during previous periods |
annuity | An account into which someone deposits an equal amount of money at equal periods of time |
principal | The amount of money earning interest in a savings account |
withdrawal | The money you take out of your bank, credit union, or brokerage firm |
total purchase price | The total selling price plus sales tax |
unit pricing | A technique that allows shoppers to compare prices |
comparison shopping | Locating the best value for your money |
coupons | Redeemed at the time of purchase |
rebates | Redeemed by mailing in a sales slip and special form |
markdown | Discount |
markdown rate | A percent of the regular selling price |
sale price | Regular selling price minus the markdown |
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kristenwoodard
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