A
What type of card is linked directly to your checking account?
Debit Card
A For-Profit financial institution where people can go borrow money.
Bank
The amount by which something, especially a sum of money, is too small.
Deficit
An excess of production or supply over demand.
Surplus
A Not-For-Profit Financial Institution where people can go to borrow money?
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Profit
When you spend more money than you have in your account.
Overdraft
Expenses that remain the same regardless of production output.
Fixed Costs
Something required for a safe, stable and healthy life.
Needs
Expense that changes in proportion to how much a company produces or sells.
Variable Costs
A financial plan for a defined period.
Budget
Slang for a check that cannot be processed because the account holder has nonsufficient funds.
Bounced Check
A person who relies on another, especially a family member, for financial support.
Dependent
Direct Deposit
An individually secured container that stays in the safe or vault of a federally insured bank or credit union.
Safe Deposit Box
The financial ability to buy products and services.
Purchasing Power
The ease with which an asset, or security, can be converted into ready cash
Liquidity
Refers to the status of a checking account that does not have enough money to cover transactions.
Insufficient Funds
An account that allows you to save money typically at a fixed interest rate for a fixed amount of time.
Certificate of Deposit
The pay an employee receives before taxes and deductions are withheld.
Gross Pay
An independent federal agency that insures your money in U.S. banks in the event of bank failures.
FDIC (Federal Deposit Insurance Corporation)
Take-home pay or the amount employees earn after all payroll deductions are subtracted from their gross pay.
Net Pay
The smallest amount your credit card issuer will accept toward your credit card balance each month
Minimum Payment
A service provided by a bank that protects against nonsufficient funds
Overdraft Protection
An order directing a third party to seize assets, usually wages from employment or money in a bank account, to settle an unpaid debt.
Garnishment