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26 Cards in this Set
- Front
- Back
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Assets |
Anything of value that is owned. |
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Budget |
A list of planned expenses and revenues. |
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Financial Plan |
An orderly program for spending, saving, and investing the money you earn to achieve desired goals. |
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Fixed Expenses |
Expenses that remain the same from period to period. |
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Income |
Money coming in through wages earned, allowance, or other sources. |
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Liabilities |
Anything that is owed |
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Net Worth |
Assets minus liabilities |
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Revenue |
Income received from normal business activities |
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Spending Plan |
A plan for spending and saving money based on a persons goals during a given time. |
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Variable Expense |
Expenses that change from one period to the next |
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Wealth |
Abundance of Valuable resources or valuable material possessions. |
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Automated Teller Machine
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Provides banking customers with access to financial transactions in a public space without the need for a bank teller.
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Blank Endorsement
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only includes the signature of the payee on the back of the check
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canceled check
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a check that has the banks stamp, indicating it has gone through the financial system
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check |
a written order to the bank to pay the stated amount to a person or business named on the check
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check 21 |
when a check is electronically transferred and funds are immediately withdrawn from the account
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checkbook register
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a booklet used to record checking account transactions.
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credit union
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a financial institution that provides financial products and services to its members.
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debit card |
enables an individual to withdraw cash from an ATM or to pay directly for goods or services at stores and restaurants.
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endorsement |
A register or statement on the back of the check that gives the financial institution authorization to cash or deposit the check. |
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interest rate |
the price the borrower pays a creditor for the use of money over a period of time.
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outstanding check
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those checks issued by a depositor but not yet cleared through the bank
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overdraft
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a written check for more money than your account holds
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reconciliation
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the process of matching your checkbook register with the bank statement each month.
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restrictive endorsement
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an endorsement that limits further negotiating of the check
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special endorsement |
an endorsement that limits the transfer of the check to a particular person.
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