Voc. 1
TRANSLATION CARD:
Delinquency status
Estado de morosidad
An account owned by two or more persons. Either party can conduct transactions separately or together as set forth in the deposit account contract
Joint Account
TRANSLATION CARD:
Foreclosure
Ejecución hipotecaria
TRANSLATION CARD:
Checkbook
Child support
CHEQUERA
MANUTENCION DE MENORES
WILD CARD: YOU GET TO STEAL 100 POINTS FROM TWO TEAMS OF YOUR CHOICE.
100 POINTS
This term is used to describe the cost of using money, a right, share, or title in property.
Interest
The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud.
Forgery
A payment instrument on which the drawer's signature has been forged.
Forged Check
WILD CARD: YOU WIN 200 POINTS
200 POINTS
A fee assessed by your bank for making a transaction at another bank's ATM in a different country
Foreign Transaction Fees
A government corporation that insures the deposits of all national and State banks that are members of the Federal Reserve System
Federal Deposit Insurance Corporation
The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system.
Federal Reserve System
WILD CARD: YOU GET TO STEAL 300 POINTS FROM 2 TEAMS OF YOUR CHOICE
300 POINTS
A real estate loan which is in a first lien position, taking priority over all other liens. In case of a foreclosure, it will be repaid before any other liens.
First Mortgage
A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default.
Foreclosure
A key provision of the Fair and Accurate Credit Transactions Act of 2003 is the consumer's ability to place a notification on their credit record. A consumer will use this option if they believe they were a victim of identity theft. The notification requires any creditor that is asked to extend credit to contact the consumer by phone and verify that the credit application was not made by an identity thief.
Fraud Alert
WILD CARD: YOU WIN 400 POINTS
400 POINTS
A legal process that allows a creditor to remove funds from your bank account to satisfy a debt that you have not paid. If you owe money to a person or company, they can obtain a court order directing your bank to take money out of your account to pay off your debt.
Garnishment/Garnish
Used to indicate that a certain amount of a customer's balance may not be withdrawn until an item has been collected, or until a specific check or debit is posted.
Hold
An account that has little or no activity; neither deposits nor withdrawals having been posted to the account for a significant period of time.
Inactive Account
WILD CARD: YOU GET TO STEAL 500 POINTS FROM ONE TEAM OF YOUR CHOICE
500
A pre-approved loan authorization with a specific borrowing limit based on creditworthiness. It allows borrowers to obtain a number of loans without re-applying each time as long as the total of borrowed funds does not exceed the credit limit.
Line of Credit
When a depositor's checking account balance is inadequate to pay a check presented for payment
Insufficient Funds
A retirement savings program for individuals to which yearly tax-deductible contributions up to a specified limit can be made. The amount contributed is not taxed until withdrawn. Withdrawal is not permitted without penalty until the individual reaches age 59 1/2.
Individual Retirement Account (IRA)
It allows you to tap into your home's built-up equity, which is the difference between the amount that your home could be sold for and the amount that you still owe. Homeowners often use it for home improvements, to pay for a new car, or to finance their child's college education.
Home Equity Loan