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16 Cards in this Set
- Front
- Back
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Automated Teller Machine (ATM)
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A computerized cash - dispensing machine that allows you to withdraw cash, transfer funds between accounts, make deposits or loan payments, and find out the balances in your account using an access card issued by the bank along with a personal identification number (PIN)
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Balance
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The exact amount of money contained in an account
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Bank
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A financial institution where individuals, groups, and businesses can safely keep their money for spending and saving.
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Borrow
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To request a loan with the promise or understanding of repaying it.
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Budget
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A plan to make the most of your money
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Capital Gains
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Any time you sell an investment for a profit
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Cash
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Coin and paper money in all demonstartions
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Certificate of Deposit (CD)
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A certificate from a bank stating that the named party has a specific sum on deposit, usually for a given period of time at a fixed rate of interest.
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Check
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A written order instructing the bank to pay money. The order must contain a date, payee, amount, and an authorized signature.
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Check Register
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A paper from used to keep track of the checks written.
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Checking account
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a bank account in which peopl deposit money. It includes checks and a check to pay individuals and companies using money in the account.
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Credit
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an amount of money lent by a bank or business for repayment in the future.
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Credit Card
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A plastic cdard that can be used to purchase items by borrowing money with a promise to pay it back.
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Debit
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Any item that reduces the balance in the bank account. A check, bank service fee, and ATM withdrawals are all examples of debits.
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Debit card
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A plastic card that can be used to purchase items by taking money out of your checking account.
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Deposit slip
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A paper from you complete to add money to an account.
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