Create an account
the amount of money you know you will receive each month such as
money made from your job
the bills", expenses that can be expected every month such as a
mortgage payment, rent, or a loan payment
expenses that fluctuate from month to month such as the amount you
spend on groceries, entertainment, or clothing
contract between two parties that agrees to cover the insured upon the
occurrence of a stipulated contingency
State Income Tax
levied by the state government for state programs but is present only in
bank account which allows the holder to write checks and withdraw
money against deposited funds
bank account which cannot be withdrawn by check; as deposits
accumulate, as does interest over time
Certificate of Deposit
CD; similar to a savings account in that the holder is paid interest;
however, higher interest can be earned by agreeing to leave the money
in deposit for a consenting period of time
instrument directly connected to the holder's bank account allowing the
holder to withdraw against deposits for a specific amount on demand
card directly connected to the holder's bank account; allows holder to
withdraw against deposits without physically writing checks; in some
cases may also be used in place of a credit card
card directly connected to the holder's bank account; can be used to
make purchases in some instances or at an ATM machine to withdraw
money; cannot be used in place of a credit card
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