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Budget Bankig
| ATM | Definition |
|---|---|
| Account Balance | The amount of money in a financial repository, such as a checking account, at any given moment. |
| Budget | An even distribution of weight enabling someone or something to remain upright and steady. |
| Checking Account | An account at a bank against which checks can be drawn by the account depositor. |
| Cleared Check | The process in which reserves or funds are transferred among banks to settle the accounts of checks written on one account and deposited into another |
| 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 | Declare one's public approval or support of. |
| 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. |
| Financial Literacy | Financial literacy is the ability to understand finance. More specifically, it refers to the set of skills and knowledge that all |
| Financial Security | A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities... |
| Fixed Expense | (FIXED EXPENSES) 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 | A charge for a loan usually a percentage of the amount loaned |
| Loan Overdraft | Loan arrangement under which a bank extends credit up to a maximum amount |
| Memo | A written message, esp. in business; a memorandum. |
| Needs | Cannot avoid or help doing something: "they must needs depart". |
| Non-sufficient funds (NSF) | 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 or... |
| Payer | a person who pays money for something. |
| Reconcile | make or show to be compatible. |
| Savings | The money one has saved, esp. through a bank or official scheme. |
| Variable Expenses | Variable costs are expenses that change in proportion to the activity of a business |
| Wants | A lack or deficiency of something |
| Withdrawal | An act of taking money out of an account |
Created by:
neonbriqht14
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