Bank
computer terminal used to conduct businesses with a financial institution or purchase items
Automatic Teller Machine (ATM)
plastic card authorizing the delivery of goods and services in exchange for future payment, with interest, according to a specific schedule
Credit Card
a government fee on business and individual income, activities, or products
Tax
bank account that allows you to transfer money you've deposited to a payee by writing checks or using a debit card to make purchases
Checking Account
a statistical measure of a loan applicant's credit worthiness
Credit Score
a yearly fee for having a credit card
Annual Fee
amount of time that a creditor allows before charging extra fees
Grace Period
one who gives credit for money or goods; one to whom a debit is owed
Creditor
something that is lent; allowed to be issued for a period of time; if the loan is money, it is often repaid with interest
Loans
money you're paid for lending money or the amount of money that is added to the money you borrowed
Interest
total dollar amount paid for credit
Finance Charge
charge levied against a client for not paying a bill by its due date
Late Fee
a bank deposit committing you to leave the principle and accumulating earnings for a period of time to earn a fixed rate of interest
Certificate of Deposit (CD)
a state or federally owned not-for-profit financial cooperative that provides financial services to its members
Credit Union
a business who specializes in obtaining payments from debtors who have defaulted on their loans
Collection Agency