F1
an establishment for the custody, loan, exchange, or issue of money, for the extension of credit, and for facilitating the transmission of funds
Bank
a bank account against which the depositor can draw checks
checking account
a plan for using your money over a set period of time. It helps you keep track of what you earn, spend, and save.
budget
The state of being responsible for something
liability
money you save to cover unexpected events like financial emergencies.
emergency savings
the amount of money you have in your savings account at any one time.
Balance
A bank that allows people to conduct financial transactions via the internet
online bank
a sum paid or charged for a service.
fee
the amount of protection given by an insurance policy
coverage
a security that represents the ownership of a fraction of the issuing corporation
stocks
to deposit a certain amount of money for a specific period of time.
certificates of deposit
savings goals usually take a year or more to achieve, sometimes years many.
Long-Term Goals
things that are nice to have but you don’t need.
wants
a charge for borrowed money generally a percentage of the amount borrowed
interest
an amount to be paid for an insurance policy.
premium
any funds credited to a depositor's account by a bank.
deposit
savings goals that take anywhere from a few months to a year to achieve.
midterm goals
those that hold stocks, bonds, funds and other securities, as well as cash
investment account
Is a unit of corporationownership in the capital stock of a.
shares
commit (money) in order to earn a financial to return.
investing
a specified amount of money that the insured must pay before an insurance company will pay a claim.
deductible
something that costs you money when you’re not expecting it.
finacial emergency
an adult over 18 years of age who helps someone under 18 years of age open a bank account. This person is also responsible for the money in the account and can make decisions on your behalf
Co-signer
The distribution of a company’s earnings to its shareholders.dived
dividend
an open-end investment company that invests money of its shareholders in a usually diversified group of securities of other corporations.
mutual funds