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Vocabulary
Banking Options
Vocabulary
Banking Options
Vocabulary
100
A written order to a bank to pay the stated sum from one's account
What is a "Check"?
100
A card that must be signed by an individual who is opening an account at a bank or other similar institution. This card is kept on file, and it is used by the bank to confirm the identify of the person when they return
What is a "signature card"?
100
Contains checks that are used for making payments in place of cash
What is a "Checkbook"?
100
A deposit account that earns interest and is issued by a bank or credit union
What is a "Savings account"?
100
A deposit that has not been received by the bank.
What is an "Outstanding Deposit"?
200
A fee charged by a bank for services rendered.
What is a "Service Charge"?
200
Savings certificate issued by a bank or credit union
What is "Certificate of Deposit"? or CD
200
Another term for money paid to a bank for the bank's services, etc.
What is a "Bank Charge" or "Service charge"?
200
A card that allows customers to withdraw cash from and make deposits to their accounts.
What is "ATM card"?
200
Checks that have been paid by a financial institution.
What is a "Canceled Check"?
300
A check that has not been received by the bank.
What is an "Outstanding Check"?
300
An account such as an IRA and 401(k) that helps you set aside money for retirement
What is "Retirement Account"?
300
A record of all deposits, withdrawals, and service charges for your checking account since the last statement.
What is a "Bank Statement"?
300
A collection of stocks, bonds or other investments that are professionally managed in a portfolio.
What is a "Mutual Fund"?
300
A word beginning with the letter "D" for a person who sign the check.
What is a "Drawer"?
400
A signature on the back of the check that transfers ownership of the check.
What is an "Endorsement"?
400
A share in the ownership of a company that can be bought and sold based on market value
What is a "Stock"?
400
A form to be completed when you deposit money in your account.
What is a "Deposit Slip"?
400
A type of checking and savings account issued by a bank or credit union to hold your money.
What is a "Money Market Account"?
400
Identifies a specific bank account by numbers
What is an "Account Number"?
500
Signing another person's name on the check form without authority to do so
What is "Forgery"?
500
A savings count designed specifically for educational expenses
What is "529 Savings Account"?
500
An endorsement consisting of just a signature.
What is a "Blank Endorsement"?
500
A loan in which you are the lender and the government is the borrower.
What is a "Bond"?
500
An endorsement that stated "Pay to the order of". It passes the ownership of a check to another person.
What is a "Special Endorsement"?