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budget and banking
| Term | Definition |
|---|---|
| ATM | Automated teller Machine where you get money and deposit money using a debit card |
| Account Balance | how much money you have in your account at a certain time |
| Budget | Deciding how much to spend on items and save for a certain time period |
| 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 ... |
| 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 | 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. 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. More specifically, it refers to the set of skills and knowledge that allow an... |
| Financial Security | having money for future use and living within a budget |
| Fixed Expense | a payment that stays the same each year. |
| Income | Money received, esp. on a regular basis, for work or through investments. |
| Interest | fee paid to someone for borrowing money |
| Loan Overdraft | your bank will cover checks which would otherwise bounce. |
| Memo | A written message, esp. in business; a memorandum |
| Needs | Cannot avoid or help doing something: "they must needs depart". |
| Non-sufficient funds (NSF) | A term used to indicate when an item such as a check, or other transaction presented for payment is returned unpaid because the availabl... |
| Online Banking | Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or... |
| Payee | person that get money |
| Payer | a person who pays money for something. |
| Reconcile | to bring into agreementor harmony;make compatibleor consistent: to reconcile differing statements; to reconcile accounts. |
| Savings | to put money aside for a reason |
| Variable Expenses | (Variable expense) Variable costs are expenses that change in proportion to the activity of a business.Garrison, Noreen, Brewer. Ch 2 -... |
| Wants | Have a desire to possess or do (something); wish for. |
| Withdrawal | 1.The action of withdrawing something. |
Created by:
demoi matthias
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