Term
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Definition
| A full-service financial institution that offers a variety of services |
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Term
| Saving and loan association |
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Definition
| A financial institution that provides loans and mortages to customers who hold a saving account |
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Term
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Definition
| A nonprofit financial cooperative owned by its members |
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Term
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Definition
| A licensed institution that specializes in investing. |
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Term
| Insured financial institution |
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Definition
| One that is insured---as by Federal Deposit Insurance Corporation (FDIC), Savings Association Insurance Fund (SAIF), or Natioanl Credit Union Administration (NCUA) to protect deposits of clients |
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Term
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Definition
| Paper checks or debit cards are used to withdraw money deposited into the account to pay for items. |
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Term
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Definition
| Money is deposited into an account to earn interest. |
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Term
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Definition
| A plan for saving money for retirement; money tax-deferred until withdrawn. |
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Term
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Definition
| A savings account at a credit union. |
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Term
| Share certificate account |
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Definition
| A certificate of deposit at a credit union. |
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Term
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Definition
| A checking account at a credit union. |
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Term
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Definition
| An investment of money in a government or organization. |
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Term
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Definition
| An insured interest-earning savings tool with restricted access to funds. |
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Term
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Definition
| Groups of stocks, bonds, and other investments managed by an investment firm. |
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Term
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Definition
| Purchasing properties as an investment to gain profit. |
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Term
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Definition
| Ownership, represented by shares, in a corporation. |
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Term
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Definition
| A card used to make a purchases; must be repaid later with interest. |
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Term
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Definition
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Term
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Definition
| A loan to purchase a home or other real estate. |
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Term
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Definition
| Assistance to consumers with specific areas of financial planning |
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Term
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Definition
| A secured box in a bank used by clients for valuable personal items. |
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Term
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Definition
| Using computer networks to make electronic funds transfers among accounts. |
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Term
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Definition
| The ability to obtain money from one’s accounts quickly and easily |
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Term
| Point-of-sale (POS) transfer. |
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Definition
| The place where a purchase is made and money is electronically moved |
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Term
| Personal Identification Number (PIN) |
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Definition
| A unique number kept secured and used to access an account and perform transactions. |
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Term
| Automated Teller Machine (ATM) |
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Definition
| A computer terminal used to transact business with a financial institution. |
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Term
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Definition
| Arrangement for electronically depositing pay/benefits directly into an account. |
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Term
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Definition
| Arrangement for electronically withdrawing funds from an account to pay bills. |
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Term
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Definition
| Card storing pre-paid amounts of money to use when making purchases |
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Term
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Definition
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Term
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Definition
| A hand-written document used to pay for purchases using funds in a personal checking account |
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Term
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Definition
| A check bought from a bank with payment guaranteed by the bank. |
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Term
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Definition
| A personal check with a bank’s guarantee of payment |
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Term
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Definition
| A way for people with no checking account to send money by mail |
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Term
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Definition
| A check used in place of cash when traveling for greater security. |
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Term
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Definition
| A card used for point-of-sale transactions on a checking account |
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Term
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Definition
| A card used for payment through credit with interest accruing |
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Term
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Definition
| A credit arrangement where the amount of money borrowed continues to change as payments are made and purchases are put on the credit card |
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Term
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Definition
| A credit arrangement where the amount of money borrowed and the amount to be repaid per month are fixed at the time the installment loan is made |
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