Terms 1
A shortened form of a word
What is an abbreviation?
A business that offers financial services
What is a Bank?
A paper that you fill out when you put money into an account
What is a Deposit Slip?
A bank account used to save money and earn interest
What is a Savings Account?
A machine that lets you access your bank account at any time
What is an Automated Teller Machine (ATM)?
Yearly interest rate used to find the interest due each month on the balance not paid
What is Annual Perecentage Rate (APR)
A listing of products you can order and have sent to you
What is a Catalog?
Bills or coins, such as a five-dollar bill; cash
What is Currency?
The amount of money a store charges the customer
What is Retail Price?
A person or business that gives work to another person
What is an Employer?
A machine designed to do tasks in the home
What is an Appliance?
A booklet used to keep track of the balance when a check is written or a deposit or withdrawal is made from an account
What is a Check Register?
Expenses that are the same from week to week or month to month
What are Fixed Expences?
A plan for spending and saving money
What is a Budget?
Money that is owed
What is Debt?
The number of square units that cover a surface
What is Area?
Protection against the costs of accidents, theft, or other risks
What is Coverage?
A person who is hired to work for another person or business
What is an Employee?
Amount of money earned by an employee
What is Gross Pay?
A bank account against which checks may be written in order to pay expenses
What is a Checking Account?
A piece of paper that orders a bank to pay money from an account
What is a Check?
Money that is owed
What is Debt?
A fee you pay each month for borrowing money
What is a Finance Charge?
Money spent on something you need or want
What is an expense?
To put money into an account
What is a Deposit?