Help
Options
Term
1. ATM
click to flip
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't know
Term
2. Account Balance
Remaining cards (29)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
budget and banking
| Term | Definition |
|---|---|
| 1. ATM | An automated teller machine (ATM), also known as automatic banking machine (ABM), Cash Machine, or Cashpoint |
| 2. Account Balance | A balance of payments (BOP) sheet is an accounting record of all monetary transactions between a country and the rest of the world |
| 3. Budget | An estimate of income and expenditure for a set period of time. |
| 4. Checking Account | An account at a bank against which checks can be drawn by the account depositor |
| 5. Cleared Check | Movement of a check from the bank in which it was deposited to the bank on which it was drawn |
| 6. Credit Union | A nonprofit financial cooperative offering deposit accounts, low-interest loans, etc |
| 7. Debit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
| 8. Deposit | A sum of money placed or kept in a bank account, usually to gain interest. |
| 9. Direct Deposit | The electronic transfer of a payment directly from the account of the payer to the recipient's account. |
| 10. Endorse | 1.Declare one's public approval |
| 11. Expense | The cost required for something; the money spent on something |
| 12. FDIC | Federal Deposit Insurance Corporation, a body that underwrites most private bank deposits. |
| 13. Fees | 1.A payment made for professional advice or services |
| 14. Financial Literacy | Financial literacy is the ability to understand finance |
| 15. Financial Security | A security is a fungible, negotiable instrument representing financial value |
| 16. Fixed Expense | Costs of owning and operating a property that are not discretionary and, except for occasional increases, |
| 17. Income | Money received, esp. on a regular basis, for work or through investments. |
| 18. Interest | Interest is a fee paid on borrowed assets. It is the price paid for the use of borrowed money, |
| 19. Loan Overdraft | your bank will cover checks which would otherwise bounce. As with any loan |
| 20. Memo | A written message, esp. in business; a memorandum. |
| 21. Needs | Cannot avoid or help doing something: "they must needs depart". |
| 22. Non-sufficient funds (NSF) | A term used to indicate when an item such as a check |
| 23. Online Banking | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated |
| 24. Payee | A person to whom money is paid or is to be paid, esp. the person to whom a check is made payable |
| 25. Payer | a person who pays money for something |
| 26. Reconcile | Analysis and adjustment of differences between the cash balance shown on a bank statement |
| 27. Savings | The money one has saved, esp. through a bank or official scheme |
| 28. Variable Expenses | Variable costs are expenses that change in proportion to the activity of a business |
| 29. Wants | The human motives that induce the business and economic activities which produce the desired goods and services |
| 30. Withdrawal | An act of taking money out of an account |
Created by:
sampangburn
Popular Finance sets