Term
|
Definition
| A full-service financial institution that offers a variety of services |
|
|
Term
| Saving and loan association |
|
Definition
| A financial institution that provides loans and mortgages to customers who hold a saving acount |
|
|
Term
|
Definition
| A nonprofit financial cooperative owned by its members |
|
|
Term
|
Definition
| A licensed institution that specializes in investing |
|
|
Term
| Insured financial institution |
|
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 |
|
|
Term
|
Definition
| Paper checks or debit cards are used to withdraw money deposited into the account to pay for items |
|
|
Term
|
Definition
| Money is deposited into an account to earn interest |
|
|
Term
|
Definition
| A plan for saving money for retirement; money tax-deferred until withdrawn |
|
|
Term
|
Definition
| A savings account at a credit union |
|
|
Term
| Share certificate account |
|
Definition
| A certificate of deposit at a credit union |
|
|
Term
|
Definition
| A checking account at a credit union |
|
|
Term
|
Definition
| An investment of money in a government or organization |
|
|
Term
|
Definition
| An insured interest-earning savings tool with restricted access to funds |
|
|
Term
|
Definition
| Groups of stocks, bonds, and other investments managed by an investment firm |
|
|
Term
|
Definition
| Purchasing properties as an investment to gain profit |
|
|
Term
|
Definition
| Ownership, represented by shares, in a corporation |
|
|
Term
|
Definition
| A card used to make a purchases; must be repaid later with interest |
|
|
Term
|
Definition
|
|
Term
|
Definition
| A loan to purchase a home or other real estate |
|
|
Term
|
Definition
| Assistance to consumers with specific areas of financial planning |
|
|
Term
|
Definition
| A secured box in a bank used by clients for valuable personal items |
|
|
Term
|
Definition
| Using computer networks to make electronic funds transfers among accounts |
|
|
Term
|
Definition
| The ability to obtain money from one’s accounts quickly and easily |
|
|
Term
| Point-of-sale (POS) transfer |
|
Definition
| The place where a purchase is made and money is electronically moved |
|
|
Term
| Personal Identification Number (PIN) |
|
Definition
| A unique number kept secured and used to access an account and perform transactions |
|
|
Term
| Automated Teller Machine (ATM) |
|
Definition
| A computer terminal used to transact business with a financial institution |
|
|
Term
|
Definition
| Arrangement for electronically depositing pay/benefits directly into an account |
|
|
Term
|
Definition
| Arrangement for electronically withdrawing funds from an account to pay bills |
|
|
Term
|
Definition
| Card storing pre-paid amounts of money to use when making purchases |
|
|
Term
|
Definition
|
|
Term
|
Definition
| A hand-written document used to pay for purchases using funds in a personal checking account |
|
|
Term
|
Definition
| A check bought from a bank with payment guaranteed by the bank |
|
|
Term
|
Definition
| A personal check with a bank’s guarantee of payment |
|
|
Term
|
Definition
| A way for people with no checking account to send money by mail |
|
|
Term
|
Definition
| A check used in place of cash when traveling for greater security |
|
|
Term
|
Definition
| A card used for point-of-sale transactions on a checking account |
|
|
Term
|
Definition
| A card used for payment through credit with interest accruing |
|
|
Term
|
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 |
|
|
Term
|
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 |
|
|
Term
|
Definition
| An outline of steps or action you can take to reach a career goal |
|
|
Term
|
Definition
| Activities you enjoy, subjects you like, ideas that fascinate you, sports you play, or hobbies you follow. |
|
|
Term
|
Definition
| Natural physical and mental talents |
|
|
Term
|
Definition
| Physical and mental skills developed through learning, training, and practice |
|
|
Term
|
Definition
| 16 general groupings of occupational and career areas |
|
|
Term
|
Definition
| An outline of jobs in a given career fields that are available at different levels of education and training and experience |
|
|
Term
|
Definition
| Internet education and training programs |
|
|
Term
|
Definition
| Education or training delivered to the student online, by mail, or on television, offering many choices in both individual courses and total program options |
|
|
Term
|
Definition
| Prepares you for a specific type of work, is available through a variety of schools and programs in addition to online offerings |
|
|
Term
|
Definition
| Two-year schools offering both academic and occupational courses |
|
|
Term
|
Definition
| A short-term position with a sponsoring organization that gives the intern an oppurtunity to gain on-the-job experience in a certain field of study or occupation |
|
|
Term
|
Definition
| A combination of on-the-job training, work experience, and clasroom instruction |
|
|
Term
| Reserve Officers' Training Corps(ROTC) |
|
Definition
| Program offered by the military that offers education and training for low cost |
|
|
Term
|
Definition
| Learning pursued after a person completes formal education and training |
|
|
