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Budget & Banking
| Ter | Definition |
|---|---|
| ATM | automated Teller Machine, place where you can get and deposit money from your accounts |
| Account Balance | A balance of payments |
| 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 | when a check has been cashed or deposited into an account |
| 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 | putting money into an account (savings or checking) |
| Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account. |
| Endorse | to write on the back of; especially : to sign one's name as payee |
| 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 | 1.A payment made for professional advice or services. |
| Financial Literacy | Financial literacy is the ability to understand finance. |
| Finacial Security | A security is a fungible, negotiable instrument representing financial value. |
| Fiexed Expense | Any expense that does not change from period to period, such as loan payments.. |
| Income | Money received, esp. on a regular basis, for work or through investments. |
| Intrest | money earned based on your investments |
| Loan Overdraft | taking out more money than your original loan |
| Memo | A written message, esp. in business; a memorandum. |
| Needs | Cannot avoid or help doing something. Cannot avoid or help doing something. |
| Non-sufficient 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. |
| Rconcile | to bring into agreement or harmony; make compatible or consistent: to reconcile differing statements; to reconcile accounts. |
| Savings | putting money into an account for future use |
| Varuiable Expenses | Variable costs are expenses that change in proportion to the activity of a business. |
| Wants | Have a desire to possess or do . |
| Withdraw | The action of withdrawing something |
Created by:
crystal111312
Popular Finance sets