Finances
What does "Available Balance" mean?
The money in your account that can be used.
What does it mean to endorse a check?
Sign the back
What does Pitch mean?
a presentation of a business idea to a group of people who can help turn your idea into a reality.
What does debit mean?
remove (an amount of money) from a customer's account, typically as payment for services or goods.
What is the secret number that protects the security of your account?
PIN number
What is the memo portion of the check for?
What is a prototype?
a functional, not final version of a product or service that businesses can use for testing, to solicit feedback, and to introduce to investors before officially launching to a wider market.
What does credit mean?
add (an amount of money) to an account.
Why is it important to reconcile (balance) your checkbook by looking at the bank statement?
TO BE SURE IT EQUALS THE AMOUNT OF FUNDS THAT ARE ACTUALLY AVAILABLE AND THAT THERE ARE NO ERRORS
Another word for balancing your checkbook is to ___________ it?
Reconcile
What does it mean to invest in a business?
The act of putting money into a business or organization to earn a profit
What does withdrawal mean?
an act of taking money out of an account.
What color do you write a check in?
Blue or Black.
What does it mean to "bounce" a check
Non-Sufficient funds to cover check amount written.
What is a Patent?
Gives an inventor the right to stop other people from making or selling their invention.
What does direct deposit mean?
allows your employer to make deposits straight into your bank account instead of giving you a paper check to deposit yourself.
What are the different numbers on the bottom of your check? HINT: there are 3 different sets
If you make a mistake when completing your check, you must _________ it.
Void
What does Target Customer mean?
A group of customers that will be most likely to buy the product or service.
Can you write a check withdrawing money from a savings account?
No