W
A payment card that withdraws funds directly from your checking account.
Debit Card
On a check who is the payee
The person or company that will receive the money
A digital platform where users can conduct financial transactions via the internet, such as transferring money and paying bills.
Online Banking
What are goods and services that people cannot survive without called
Needs
A payment card allowing users to borrow funds for purchases, with repayment terms and interest.
Credit Cards
A written order instructing a bank to pay a specific amount from the writer's account.
Check
A member-owned financial institution offering services similar to banks, often providing lower fees and better interest rates.
Credit Union
Yearly charge for the use of some credit cards.
Annual Fee
A plan that takes more than a year to accomplish is called a what
Long-term goal
What type of income is left after your taxes, expenses, and savings have been removed
Discretionary Income
Money owed by one parry to another, with an agreement to pay over time.
Debt
An entity that deals with monetary transactions, such as banks, credit unions and mortgage lenders.
Financial Institutions
A financial PLAN that tracks income and expenses over a period.
Budget
Making a purchase based on an immediate want or when not planned is called what
Impulse buying
Credit Score
A record of a payment or withdrawal from an account.
Debit
The fee charged by a lender to a barrower for the use of money, typically expressed as a percentage of the amount borrowed.
Interest
The next best alternative given up when making a financial choice
Opportunity Cost
Money that is SPENT on goods, services, and bills is called an
Expenditure
The maximum (most) amount of credit a lender extends to a borrower.
Credit Limit
What is a "Foreclosure?"
A legal process where a lender takes possession of a property when the borrower fails to make payments.
What is "Bankruptcy?"
A legal process where individuals or businesses declare he inability to repay debts, often resulting in asset liquidation of restructuring.
What is a "Credit Report?"
A detailed record of an individual's credit history, used by lenders to assess creditworthiness.
The economic concept of limited resources available to meet unlimited wants.
Scarcity
What is a "Finance Charge?"
Fees associated with borrowing, including interest and other costs.