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Study sets matching "banking vocab"

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Study sets matching "banking vocab"

12 terms
Banking Vocabulary
If you tear a dollar what do u do with…
Compliance
Audit
Issues with compliance
take it to a bank and it exchange it for a new one
the process of federal laws that protect the costumers money…
when people come in and make sure the company is in compliance
...
If you tear a dollar what do u do with…
take it to a bank and it exchange it for a new one
Compliance
the process of federal laws that protect the costumers money…
21 terms
Banking Vocabulary
Depository Insitution
Savings
Savings Account
Money Market Deposit Account
A financial institution that is legally allowed to accept mon…
The money someone has saved through a bank
A bank account that earns intrest
A non-financial account that pays interest based on current i…
Depository Insitution
A financial institution that is legally allowed to accept mon…
Savings
The money someone has saved through a bank
10 terms
Banking Vocabulary
Deposit
Withdraw
Balance
Endorse
To put money into a bank account.
To take money out of a bank account.
The amount in the account after all the transactions go throu…
To sign a check stating you are the one it was written to.
Deposit
To put money into a bank account.
Withdraw
To take money out of a bank account.
9 terms
Banking Vocabulary
Allowance
Balance
Bank Account
Deposit
Money given to you on a weekly schedule, usually from your pa…
The current amount of money in your account.
A record of money put into the bank that is in your name.
To put money into a bank account for safekeeping.
Allowance
Money given to you on a weekly schedule, usually from your pa…
Balance
The current amount of money in your account.
17 terms
Banking vocabulary
Bounced
Credit
Withdraw
Deposit
A check returned for lack of funds.
Money loaned that must by paid back.
To take money out of a banking account.
To put money in a banking account.
Bounced
A check returned for lack of funds.
Credit
Money loaned that must by paid back.
21 terms
Banking Vocabulary
Automated teller machine (ATM)
Checking account
Commercial bank
Contactless payment
A machine that allows individuals to complete certain transac…
An account that allows quick access to funds for transactions
For‐profit depository businesses that offer financial service…
Payment transactions that can be completed with no physical c…
Automated teller machine (ATM)
A machine that allows individuals to complete certain transac…
Checking account
An account that allows quick access to funds for transactions
21 terms
Banking Vocabulary
1. Automated teller machine (ATM)
2. Checking account
3. Commercial bank
4. Contactless payment
A machine that allows individuals to complete certain transac…
An account that allows quick access to funds for transactions
For‐profit depository businesses that offer financial service…
Payment transactions that can be completed with no physical c…
1. Automated teller machine (ATM)
A machine that allows individuals to complete certain transac…
2. Checking account
An account that allows quick access to funds for transactions
10 terms
Banking Vocabulary
deposit
withdraw
balance
endorse
to put money into a bank account
to take money out of a bank account
the amount in the account after all transactions go through
to sign a check stating you are the one it was written to
deposit
to put money into a bank account
withdraw
to take money out of a bank account
9 terms
Banking Vocabulary
Rule of 72
checking account
payee
bounced check
The number of years it takes for a certain amount to double i…
A bank account from which payments can be ordered by a deposi…
A person to whom money is paid
a check written for an amount more than in your account
Rule of 72
The number of years it takes for a certain amount to double i…
checking account
A bank account from which payments can be ordered by a deposi…
89 terms
banking vocabulary
Ausweis
Auszahlung
Bankkarte
Bausparvertrag
ID card; passport
withdrawal
bank card
building loan contract
Ausweis
ID card; passport
Auszahlung
withdrawal
20 terms
Banking Vocabulary
Depository institution
Savings
Savings accounts
Money market deposit
A business that offers financial services to people
The money one has saved through a bank or official scheme
A bank account that earns interest
A non-financial account that pays interest based on current i…
Depository institution
A business that offers financial services to people
Savings
The money one has saved through a bank or official scheme
21 terms
Banking Vocabulary
Depository Institution
Savings
Savings Account
Money Market Deposit Account
Raises money to finance the business' activities by accepting…
a fund of money put by as a reserve
An account you have at a financial institution that helps you…
account that pays relatively high rates of interest, requires…
Depository Institution
Raises money to finance the business' activities by accepting…
Savings
a fund of money put by as a reserve
12 terms
Banking Vocabulary
Depository Institution -
Savings -
Savings Account -
Money Market Deposit Account -
Is a dumnin the United States (such as a savings bank, commer…
An economy of or reduction in money, time, or another resourc…
A bank account that earns interest .
A money market account or money market deposit account is a n…
Depository Institution -
Is a dumnin the United States (such as a savings bank, commer…
Savings -
An economy of or reduction in money, time, or another resourc…
11 terms
Banking vocabulary
Account number
Signiture card
Individual account
Joint account
Identifies a specific bank account
Verification of ownership
An account that has only one holder
Account held between two or more individuals and grants each…
Account number
Identifies a specific bank account
Signiture card
Verification of ownership
29 terms
Banking Vocabulary
ABA number
Account
ATM
Bank Statement
sequence of nine numeric characters used by banks to identify…
a subdivision under assets, liabilities, or owner's equity th…
automated telling machine, device that enables the clients fr…
an itemized record of all the transactions in a depositor's a…
ABA number
sequence of nine numeric characters used by banks to identify…
Account
a subdivision under assets, liabilities, or owner's equity th…
21 terms
Banking Vocabulary
Account Number
ATM
Balancing a checking account
Banked
A number identifying your account w/ the bank
A machine that gives out cash from your account. Open 24/7
Calculating difference between charges and deposits in your a…
People who are affiliated with a bank
Account Number
A number identifying your account w/ the bank
ATM
A machine that gives out cash from your account. Open 24/7
Banking Vocabulary
Balance
deposit +
Withdraw
atm
Amount of money in your account
to put money into your account
to make money out of your account
automatic teller machine withdraw $ deposit $
Balance
Amount of money in your account
deposit +
to put money into your account
Banking Vocabulary
depository institution
savings
savings account
money market deposit account
Organizations licensed to take deposits and make loans.
Income not spent
A bank account which accrues interest in exchange for use of…
account that pays relatively high interest rates, requires a…
depository institution
Organizations licensed to take deposits and make loans.
savings
Income not spent
15 terms
Banking Vocabulary
Depository Institution
savings
Savings account
Money market deposit account
A business that offers financial services to people.
Disposable income not spent for consumer goods.
An account you have at a financial institution that helps you…
account that pays relatively high rates of interest, requires…
Depository Institution
A business that offers financial services to people.
savings
Disposable income not spent for consumer goods.
27 terms
Banking Vocabulary
Account
Annual Percentage Rate (APR)
ATM Card
Account Balance
A fund with a financial institution for investment and/or saf…
The cost of credit expressed as a yearly rate. APR is a % tha…
A card that allows you to get basic financial services from a…
The amount of money in a particular account.
Account
A fund with a financial institution for investment and/or saf…
Annual Percentage Rate (APR)
The cost of credit expressed as a yearly rate. APR is a % tha…
21 terms
Banking Vocabulary
Canceled Check
Check Float
Demand Deposit
Overdraft
is a check that has cleared the depositor's account
the amount of time between when an individual writes and subm…
a deposit of money that can be withdrawn without prior notice
a deficit a bank account caused by with drawing more money th…
Canceled Check
is a check that has cleared the depositor's account
Check Float
the amount of time between when an individual writes and subm…
29 terms
Banking Vocabulary
Internal Controls
External Controls
Checking Account
Check
Procedures within the business that are designed to protect c…
Measures and procedures provided outside the business to prot…
An account that allows a person or business to deposit cash i…
A written order from a depositor telling the bank to pay a st…
Internal Controls
Procedures within the business that are designed to protect c…
External Controls
Measures and procedures provided outside the business to prot…
10 terms
Banking vocabulary
Depository institution
Bank
Savings
Saving account
A depository institution is a financial institution in the Un…
Money saver
Place you put your money to save it
Account for just money you are saving.
Depository institution
A depository institution is a financial institution in the Un…
Bank
Money saver
Banking Vocabulary
Account
Annual Percentage Rate (APR)
ATM Card
Account Balance
A fund with a financial institution for investment and/or saf…
The cost of credit expressed as a yearly rate. APR is a % tha…
A card that allows you to get basic financial services from a…
The amount of money in a particular account.
Account
A fund with a financial institution for investment and/or saf…
Annual Percentage Rate (APR)
The cost of credit expressed as a yearly rate. APR is a % tha…
35 terms
Banking Vocabulary
Pay Period
Gross Pay
Deduction
Net Pay
The length of time for which an employee's wages are calculated
The total amount of money earned during a day period
Amounts of money subtracted for gross pay
The amount of money left after all deductions are taken from…
Pay Period
The length of time for which an employee's wages are calculated
Gross Pay
The total amount of money earned during a day period
11 terms
Banking Vocabulary
Check
Demand Deposit
Canceled Check
Substitute Check
Written order to a bank to pay the amount stated to the perso…
Money may be withdrawn at any time-that is, "on demand"; also…
A check that has cleared your account
Processing faster and more efficient they exchange check info…
Check
Written order to a bank to pay the amount stated to the perso…
Demand Deposit
Money may be withdrawn at any time-that is, "on demand"; also…
56 terms
banking vocabulary
current account
(to) make deposits
(to) transfer, (to) remit
salary
Girokonto
Einzahlungen tätigen
überweisen
Gehalt
current account
Girokonto
(to) make deposits
Einzahlungen tätigen
15 terms
Banking Vocabulary
Direct Deposit
ATM
Debit Card
Commercial Bank
Automatic deposit of net pay to an employee's bank account.
Computer terminal that allows withdrawl of cash from an accou…
Cash card that allows you to withdrawl money or pay for purch…
For-profit institution that offers a full range of financial…
Direct Deposit
Automatic deposit of net pay to an employee's bank account.
ATM
Computer terminal that allows withdrawl of cash from an accou…
Banking Vocabulary
Bank Statement
Balance
canceled checks
check register
the document sent by the bank listing the checks written, fee…
the amount left after you subtract the fees and written check…
checks that you wrote to people or businesses, which some ban…
where you keep a record of the checks written.
Bank Statement
the document sent by the bank listing the checks written, fee…
Balance
the amount left after you subtract the fees and written check…
23 terms
Banking Vocabulary
accrued interest
annual percentage rate
cashier's check
certificate of deposit (cd)
Interest that has built up but has not yet been paid.
the correct legitimate way for a lender to state the applicab…
check purchased at a bank or other financial institution; fre…
type of bank account; allows account holder to make deposits…
accrued interest
Interest that has built up but has not yet been paid.
annual percentage rate
the correct legitimate way for a lender to state the applicab…
25 terms
Banking Vocabulary
Bank Statement
Balance
Budget
Canceled Checks
the document sent by the bank listing the checks written, fee…
the amount left after you subtract the fees and written check…
a plan for spending money wisely
checks that you wrote to people or businesses, which some ban…
Bank Statement
the document sent by the bank listing the checks written, fee…
Balance
the amount left after you subtract the fees and written check…
24 terms
Banking vocabulary
Equity
Security Deposit
Lease
Lessee
difference between the market value of property and the amoun…
Amount a renter pays to help protect the property owner again…
Contract that specifies the conditions , terms, and rent for…
person who rents property
Equity
difference between the market value of property and the amoun…
Security Deposit
Amount a renter pays to help protect the property owner again…
20 terms
Banking vocabulary
Depository Institution
Savings
savings account
money market deposit account
Organizations licensed to take deposits and make loans.
Disposable income not spent for consumer goods.
a bank account that accumulates interest
account that pays relatively high rates of interest, requires…
Depository Institution
Organizations licensed to take deposits and make loans.
Savings
Disposable income not spent for consumer goods.
12 terms
Banking Vocabulary
Credit
Check Register
Endorse
ATM/Debit Card
Money people can use but pay back later
used to keep track of the cash balance in a checking account
to sign the back of a check that is written to you.
works like a check and can be used to withdraw money from a b…
Credit
Money people can use but pay back later
Check Register
used to keep track of the cash balance in a checking account
20 terms
Banking Vocabulary
Depository institution
savings
savings account
Money market deposit account
Organizations licensed to take deposits and make loans.
a fund of money put by as a reserve
An account you have at a financial institution that helps you…
account that pays relatively high rates of interest, requires…
Depository institution
Organizations licensed to take deposits and make loans.
savings
a fund of money put by as a reserve
21 terms
Banking Vocabulary
depository institution
savings
savings account
money market deposit account
A place you go to deposit money.
Money for things you cannot buy with one pay
Account in which your savings go
A cross between savings and checking account
depository institution
A place you go to deposit money.
savings
Money for things you cannot buy with one pay
13 terms
banking vocabulary
Annual fees and finance charges:
APR (Annual Percentage Rate):
ATM card:
Cash advance:
Fixed amounts on top of interest that you pay for just having…
is the yield which brings the futre payment stream back t pre…
ATM card: any payment card issued by a financial institution…
a loan that can be obtained by a bank credit cardholder at an…
Annual fees and finance charges:
Fixed amounts on top of interest that you pay for just having…
APR (Annual Percentage Rate):
is the yield which brings the futre payment stream back t pre…
79 terms
Banking Vocabulary
Pizza Principle
Satisfaction
Budget
Income
This principle guides the creation of any written plan. Divid…
What you receive from anything that money buys.
A detailed financial forecast to plan, control, and evaluate…
Money that you receive including family allowance, job, gifts…
Pizza Principle
This principle guides the creation of any written plan. Divid…
Satisfaction
What you receive from anything that money buys.
17 terms
Banking vocabulary
Insurance
Deductible
Negligence
COBRA
Protection for individuals against possible financial losses
Portion of a claim the policyholder must pay before the insur…
Failure to take ordinary or reasonable care to prevent accide…
Allows people to keep a former employer's group coverage for…
Insurance
Protection for individuals against possible financial losses
Deductible
Portion of a claim the policyholder must pay before the insur…
12 terms
Banking Vocabulary 1
rent
utilities
paycheck
withdrawal
money paid for an apt. each month
bills you pay for services in your home every month
money you get for working
take money out of your bank account
rent
money paid for an apt. each month
utilities
bills you pay for services in your home every month
10 terms
Banking Vocabulary
loan
interest
current account
deposit
money lent: a sum of money that is expected to be paid back
money earned from investments, or money paid at a particular…
account used for day-to-day banking
put money into a bank account
loan
money lent: a sum of money that is expected to be paid back
interest
money earned from investments, or money paid at a particular…
16 terms
Banking & Budgeting Vocabulary
Save
Bank
Account
Joint Account
To put money away for future use.
A place to keep your money safe
Banking actions like savings and checking
Accounts that belong to more than one person
Save
To put money away for future use.
Bank
A place to keep your money safe
10 terms
Banking Vocabulary 8th Grade
Checking Account
Income
Credit
Debit Card
The owner writes checks to pay for bills or a service.
Money received on a regular basis through work and/or investm…
Borrowing money, but promising to give back, like when using…
ATM card, directly takes money from your checking account.
Checking Account
The owner writes checks to pay for bills or a service.
Income
Money received on a regular basis through work and/or investm…
16 terms
Banking vocabulary - Ch. 5
Direct Deposit
Automatic Teller Machine (ATM)
Debit Card
Point-of-sale Transaction
an automatic deposit of net pay to an employee's designated b…
a computer terminal that allows a withdrawal of cash from an…
a cash card that allows you to withdraw money or pay for purc…
a purchase by a debit card of a good or service at a retail s…
Direct Deposit
an automatic deposit of net pay to an employee's designated b…
Automatic Teller Machine (ATM)
a computer terminal that allows a withdrawal of cash from an…
12 terms
Banking vocabulary part 3
securities
commercial property
commodities
equity
an instrument of investment in the form of a document (stock,…
land and buildings that produce rental income
(primary products) agricultural products or raw materials use…
Amount of owners' or shareholders' portion of a business.
securities
an instrument of investment in the form of a document (stock,…
commercial property
land and buildings that produce rental income
19 terms
Chapter 14 Banking Vocabulary
Direct Deposit
Automated Teller Machine (ATM)
Debit Card
Commercial Bank
An automatic deposit of net pay to an employee's designated b…
Is a computer terminal that allows a withdrawal of cash from…
Which is a cash card that allows you to withdraw money or pay…
Is a for-profit institution that offers a full range of finan…
Direct Deposit
An automatic deposit of net pay to an employee's designated b…
Automated Teller Machine (ATM)
Is a computer terminal that allows a withdrawal of cash from…
20 terms
Banking Vocabulary Words
Service Charge
Outstanding Check
Outstanding Deposit
Overdraft
A fee charged by a bank for services rendered
A check that has not been received by the bank
A deposit that has not been received by the bank
Writing a check for more money than is in your account
Service Charge
A fee charged by a bank for services rendered
Outstanding Check
A check that has not been received by the bank
19 terms
Chapter 14 Banking Vocabulary
Direct Deposit
Automated Teller Machine (ATM)
Debit Card
Commercial Bank
an automatic... deposit of net pay to an employee's designated b…
is a computer... terminal that allows a withdrawal of cash from…
which is a cash... card that allows you to withdraw money or pay…
is a for-profit institution that offers a full range of finan…
Direct Deposit
an automatic... deposit of net pay to an employee's designated b…
Automated Teller Machine (ATM)
is a computer... terminal that allows a withdrawal of cash from…
20 terms
Vocabulary Bank
addict
consuming
in moderation
aroma
someone who likes doing a particular activity very... much and t…
eating or drinking something
(here) not drinking too much
pleasant smell
addict
someone who likes doing a particular activity very... much and t…
consuming
eating or drinking something
10 terms
FUNCTIONAL MATH VOCABULARY banking
deposit
withdrawal
fee
register
Put a sum of money put in a bank account
Money taken out of a bank account
make a payment to (someone) in return for services
a record of withdrawals, deposits, and debts made to a bank a…
deposit
Put a sum of money put in a bank account
withdrawal
Money taken out of a bank account
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