Cash Flow Crew
The amount of money you have in your bank account.
Balance
A written order to a bank telling it to take a stated amount from your account and pay it to another person.
Check
A computer terminal that allows a withdrawal of cash from an account.
The amount of interest a 100 dollar deposit would earn after compounding for one year.
AYP
A plan for how you will earn, spend, save, and give your money.
Budget
Money you put into your account.
Deposit
A portfolio that holds checks, a check register, deposit slips, receipts, and ATM or debit-card records.
Checkbook
A nonprofit financial institution owned by its members and organized for their benefit.
Credit Union
A savings alternative in which money stays on deposit for a stated period to earn a specific return.
Certificate of Deposit
Physical money, such as bills and coins, used to pay for something.
Cash
A cash card that allows you to withdraw money or pay for purchases from checking or savings.
Debit Card
A record used to track written checks, ATM or debit-card transactions, deposits, and withdrawals.
Check Register
A for-profit institution that offers checking, savings, lending, and other financial services.
Bank
The process in which interest is earned on the principal and on previously earned interest.
Compounding
The payment an employee receives for work completed.
Paycheck
An automatic deposit of net pay into an employee’s designated bank account.
Direct Deposit
A form completed to credit money to your account when you make a deposit.
Deposit Slip
A business that cashes checks and gives the customer cash for a service fee.
Check Cashing Store
A check the bank has paid that appears on your bank statement.
Cancelled Check
Something you buy, or the act of buying it.
Purchase
A sum of money deducted from your account.
Debit
To sign the back of a check made out to you so it can be cashed or deposited.
Endorse
The bank’s accounting of your transactions.
Bank Statement
A report that accounts for differences between the bank statement and your checkbook balance.
Bank Reconciliation
Money set aside for future needs, goals, or emergencies.
Savings