Checking/Savings Accounts
A bank account that offers a means of handling money, making payments, and keeping records
Checking Account
Money not spent and kept for later use for goals, big ticket items, and emergencies
Savings
Length of time money is borrowed
A type of revolving credit in which money is borrowed each time a card is used and user will receive a bill each month for all purchases
Credit Card
A money plan that helps you reach financial goals
Budget
Signature allowing anyone to cash a check
Blank Endorsement
A low interest, high liquidity account in which you can deposit or withdraw money any time without a penalty
Savings Account
Amount of money borrowed
Principal
Investment in property such as homes, buildings, or land
Money coming in from allowances, earnings, gifts, interest, etc.
Income
Signature that allows a check recipient to turn the ownership of the check over to someone else
Special Endorsement
Machine that takes the place of a bank and provides convenient hours and locations
ATM
Something of value used to back up a loan and is taken by the lender if the loan is not repaid
Collateral
Shares or small parts of ownership in a company
Stocks
Money going out including, rent, car payments, utility bills, taxes, etc.
Expense
A form/slip that gives the bank instructions for adding money to your account
Deposit Slip
Card linked to your checking account that can be used at ATMs or instead of writing a check.
Debit Cards
Ability to pay back a loan based on your disposable income
Capacity
A higher interest account with less liquidity. Money must be kept on deposit for a certain amount of time
CD
Money paid to you by the bank for the use of the money in your accounts
Interst
Signature that only allows a check to be deposited in your account.
Restrictive Endorsement
Number given to you by the bank for security purposes be used at ATMs and with your debit card
PIN
The dollar amount you to use credit
Finance Charge
An account that offers both high interest and high liquidity in exchange for maintaining a high minimum balance
Money market account
How quickly and conveniently you can retrieve your money from an investment and at what cost
Liquidity