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17 Cards in this Set
- Front
- Back
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Asset |
Property owned by an individual or organization that has some value. Can refer to physical items (like a house or car) or to intangible items (like a stock or bond). |
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Associate’s degree |
A degree granted after two years of study, often by a community or junior college. |
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ATM Card |
A payment type similar to a debit card that allows you to make electronic purchases but requires that you enter a PIN (Personal Identification Number) for any transaction. |
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ATM |
An abbreviation that stands for Automatic Teller Machine. An ATM is a machine that allows you to makeelectronic deposits and withdrawals from your bank accounts. |
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Account Number |
Each bank account has a unique account number. The account number can be found at the bottom of a check the second range of numbers in the series of numbers at the bottom of a check that tells the bank cashing the check which account to pull the money from. |
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Annual Percentage Rate (APR) |
Another name for the interest rate charged on the balance of a credit card. |
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Appreciating Assets |
An appreciating asset is something you own that increases in value over time. If you buy an appreciating assetand then sell it later on, it will be worth more money than you originally paid for it. |
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Auto insurance |
Auto insuranceA type of insurance that protects a policyholder in the case of a car accident. Most states require it by law. |
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Bachelor’s degree |
A degree awarded by a college or university for completing undergraduate studies. |
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Balance |
The total amount of money in a banking account at any given time. |
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Balance Transfer |
A transfer of your existing credit card balance to another credit card. Balance transfers are typically used when a consumer wants to transfer their credit card debt onto a card with a lower interest rate. |
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Bank Teller |
A bank employee who helps with account transactions like depositing or withdrawing money. |
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Bonds |
A bond is basically a loan, except that in this case, you're the lender. When you buy a bond, you loan anamount of money to the organization issuing the bond at a certain interest rate for a certain period of time. You are paid interest from this loan at regular periods, and then, when the bond matures, you get back your initial investment plus any additional interest. Treasury and municipal bonds are specific types of bonds. |
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Branch Manager |
Manages all the personnel at a specific bank location or branch. |
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Brokerage Account |
A brokerage account is an account you open with a stockbroker in order to trade stock on a stock exchange. The broker uses the money in the account to buy and sell stock on your behalf when you decide you would like to make a trade. Some types of brokerage accounts allow the broker to make trades on his/her own without your direct approval. |
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Budget |
A budget is a plan of how you will spend the money that you make or receive. |
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A budget is a plan of how you will spend the money that you make or receive. |
A budget is a plan of how you will spend the money that you make or receive. |
