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budget and banking
| Term | automated teler machine |
|---|---|
| account balance | . The amount of money in a financial repository, such as a checking account, at any given moment. |
| budget | the total sum of money set aside or needed for a purpose: the construction budget. |
| checking account | bank deposit against which checks can be drawn by the depositor. |
| cleared check | a check that has been cleared by bank account |
| credit union | a cooperative group that makes loans to its members at low rates of interest. |
| debit card | noun a plastic card that resembles a credit card but functions like a check and through which payments for purchases or services are made electronically to the bank accounts of participating retailing establishments directly from those of card holders. |
| deposit | to place for safekeeping or in trust, especially in a bank account: |
| direct diposit | also known as direct credit is a banking term that describes a deposit of money straight from the source into a bank account, |
| endorse | 1.Declare one's public approval or support of. 2.Recommend (a product) in an advertisement |
| expense | common usage, an expense or expenditure is an outflow of money to another person or group to pay for an item or service, or for a category of costs. |
| FDIC | Federal Deposit Insurance Corporation. |
| fees | . a charge or payment for professional services: a doctor's fee. 2. a sum paid or charged for a privilege: an admission fee. 3. a charge allowed by law for the service of a public officer. |
| financial literacy | is the ability to understand how money works in the world |
| financial security | security or financial instrument is a tradable asset of any kind. Securities are broadly categorized into: debt securities (such as banknotes, bonds and |
| fixed expence | An expense that does not change from time period to time period. For example, a company may rent a piece of property for $4,000 per month. A company often prefers to have fixed costs because they reduce uncertainty, but this is not always possible. |
| income | is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. |
| interest | is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. |
| loan overdraft | an act or instance of overdrawing a checking account. 2. a check overdrawn on a checking account. 3. the amount overdrawn. 4. an excessive drawing on or drawing off of something. 5. a draft made to pass over a fire, as in a furna |
| memo | noun, plural mem·os. memorandum or reminder |
| needs | to be in need or want. adverb of necessity; necessarily (usually preceded or followed by must ): |
| non-sufficient funds (nsf) | National Science Foundation. 2. not sufficient funds. |
| online banking | The performance of banking activities via the Internet. Online banking is also known as "Internet banking" or "Web banking." |
| payee | one to whom money is or is to be paid |
| payer | : one that pays; especially: the person by whom a bill or note has been or should be paid |
| reconcile | a: to check (a financial account) against another for accuracy b: to account for |
| ATM | automative teller machine gives money in replacement to a bank teller |
Created by:
cgrieco
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