Term
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Definition
| a demand deposit in a bank on which checks are drawn |
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Term
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Definition
| a written order to a bank to pay a stated amount to a person or business |
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Term
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Definition
| a tool used to track checking account transactions |
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Term
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Definition
| money added to a checking or savings account |
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Term
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Definition
| taking money from your account |
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Term
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Definition
| a checl written with a date that will occur in the future |
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Term
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Definition
| a card used to withdraw or deduct money from your checking account |
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Term
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Definition
| a signature with or without instructions, written on the back of the check |
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Term
| electronic funds transfer |
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Definition
| the use of a computer-based system to move money from the drawer's account to the payee's account |
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Term
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Definition
| the process of adjusting the checkbook register and bank statement balances so that they agree |
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Term
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Definition
| a demand deposit account designed for the accumulation of money in a safe place for a future set |
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Term
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Definition
| sum of money set aside in which interest is paid |
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Term
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Definition
| interest computed on principal once during a certain period of time |
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Term
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Definition
| interest earned on both principal and previously earned interest |
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Term
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Definition
| a fixed amount set aside on a regular basis over time |
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Term
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Definition
| a quick formula for computing how long it will take to double money invested at a given interest rate |
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Term
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Definition
| a type of savings account that earns the market rate of interest on the money desposited |
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Term
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Definition
| a time deposit that pays a fixed rate of interest for a specified time length |
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Term
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Definition
| a discount bond issued by the federal government that pays a guaranteed minimum rate of interest |
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Term
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Definition
| a bond's future value as stated on its face |
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Term
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Definition
| a secure container located in a bank vault |
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Term
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Definition
| a bank service that covers a shortage in your account |
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Term
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Definition
| an instruction to the bank not to honora check that has been issued or lost |
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Term
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Definition
| a check issued against the bank funds |
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Term
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Definition
| a type of check used to pay bills or make payments for which the money is guaranteed |
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Term
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Definition
| accessing and managing your account online |
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Term
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Definition
| a card that contains a computer chip that stores electronic money |
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Term
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Definition
| a check that is not honored by a bank and is returned to the payee's bank due to nonsufficient funds |
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Term
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Definition
| a checking or savings account that does not meet minimum usage requirements |
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Term
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Definition
| writing a check and planning to make a deposit later to cover it before the check is processed |
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