Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
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

Budget and Banking

TermDefinition
1. ATM automated teller machine Atmosphere(s), as a unit of pressure
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, and the movement of its face amount in the opposite direction
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 2.Recommend (a product) in an advertisement.
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. More specifically, it refers to the set of skills and knowledge that allow an
15. Financial Security A security is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities
16. Fixed Expense Costs of owning and operating a property that are not discretionary and, except for occasional increases, do not change
17. Income Money received, esp. on a regular basis, for work or through investments.
18. interest The state of wanting to know or learn about something or someone: "many people lose interest in history
19. Loan Overdraft An extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the account has no funds in it
20. Memo A written message
21. Needs Cannot avoid or help doing something
22. 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 available balance in your deposit account is less than the amount of the item
23. Online Banking Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail
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 2.Cause to coexist in harmony; make or show to be compatible
27. Savings 1.An economy of or reduction in money, time, or another resource.
28. Variable Expenses (Variable expense) Variable costs are expenses that change in proportion to the activity of a business
29. Wants Have a desire to possess or do (something); wish for.
30. Withdrawal 2.An act of taking money out of an account
Created by: doyoung1
Popular Finance sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards