Checks
Any written document instructing a bank to pay money from the writer's account
A cheque
Buying or borrowing on the promise to repay at a later date
credit
A bank account that accrues interest in exchange for use of the money on deposit
Savings account
A monthly fee a bank charges for handling a checking account
service charge
What are the three branches of the U.S. Constitution?
Legislative, Executive, and Judicial
A check issued by a bank, drawn on it's own funds rather than on one of its depositors
Cashier's check
The rating of your use of credit based on: your payment history; amount owed; the length of your credit history etc
Credit score
To revise a loan agreement to make the terms of payment more suitable to a borrower's present income and ability to pay
Refinance
A check written for more money than is currently in the account
Overdraft
Which bird can fly backwards?
Hummingbird
A "used" check that has been paid and subtracted from the check-writer's account.
Canceled check
A banking card enhanced with ATM and POS features that can be used to purchase goods or services electronically. Transactions are deducted from the cardholders checking sccount
A debit card
An authorized amount of credit given to an individual, business or institution
A line of credit
A savings account in which an individual promises to deposit the money for a set period of time for which the bank typically pays higher interest than a regular savings account
A Cerificate of deposit
What is the score of a perfect game in bowling?
300
An account for which the holder can write checks. These accounts pay less interest than savings accounts or none at all
A checking account
An agency that checks credit information and keeps a complete file on people who apply for and use credit
A credit bureau
A savings or checking account established in the names of more than one person
What is a joint account
Anything that a bank accepts as security against the debtor's not repaying a loan
A Collateral
What inventor from New Jersey, USA, has over 2000 patents?
Thomas Edison
A check that a bank has refused to cash or pay because there are no funds to cover it in the account
A bounced check (returned check)
A plasric card that gives access to a line of credit. Users are limited in how much they can charge but they are not required to pay the full amount each month, but will accrue interest
A credit card
A legal agreement that creates an interest in real estate between a borrower and a lender
A mortgage
A check written for more money than is currently in the account. If the bank refuses to cash the check, it is said to have "bounced"
An overdraft check
What do we call an animal that eats only plants?
Herbivore