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Budget and Banking
| Term | Automated teller machine. |
|---|---|
| Account Balanace | The amount of money in a financial repository, such as a checking account, at any given moment. |
| 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 | Movement of a check from the bank in which it was deposited to the bank on which it was drawn, and the movement of its face amount in the opposite direction. |
| 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. |
| Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account. |
| Endorse | Recommend (a product) in an advertisement |
| 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 | .A payment made for professional advice or services. |
| Finacial Literacy | The possession of knowledge and understanding of financial matters. |
| Finacial Sercurity | A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities... |
| Fixed Expense | Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change... |
| Income | Money received, esp. on a regular basis, for work or through investments |
| Interest | The state of wanting to know or learn about something or someone: "many people lose interest in history". |
| Loan Overdraft | An extension of credit from a lending institution when an account reaches zero. |
| Memo | A written message, esp. in business; a memorandum. |
| Needs | Cannot avoid or help doing something |
| Non-suffient funds | Non-sufficient funds (NSF) is a term used in the banking industry to indicate that a demand for payment (a check) cannot be honored... |
| Online banking | Online banking (or Internet 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 | Cause to coexist in harmony; make or show to be compatible |
| ATM | Automatic teller machine. |
| Savings | An economy of or reduction in money, time, or another resource. |
| Variable Expenses | Variable costs are 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:
YoSoyDomo
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