unit 2 Flashcards
Checking account
an account at a bank against which checks can be drawn by the account depositor.
Credit card
a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
Debit card
a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
Savings account
an account that you add money to frequently but only take out money
checking account
an account at a bank against which checks can be drawn by the account depositor.
Direct deposit
getting paid by your employer depositing money directly into your checking account
withdrawal
take money out of the checking account.
Balance
the amount of money that you have in an account
Loan
an amount of money that you owe a person or a business that charges interest
Earnings
money obtained in return for labor or services.
Interest
a percentage of the balance that is in an addition to the balance.
Fee
is a set amount of money that you must pay
Transaction
an instance of buying or selling something; a business deal.
Identity theft
someone that steals your identity or takes your cards away from you
Debt
to owe someone money
Transfer
moving money to another account
transaction
final amount
deposit
demand (an amount) as a price from someone for a service rendered or goods supplied.
Personal check
drawn against funds deposited in your personal checking account
Penalty
a punishment imposed for breaking a law, rule, or contract.
Value
the regard that something is held to deserve; the importance, worth, or usefulness of something.
Total
comprising the whole number or amount.
Budget
an estimate of income and expenditure for a set period of time.
Income
money received, especially on a regular basis, for work or through investments.
Gross income
For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes.
Income
money received, especially on a regular basis, for work or through investments.
Price
the amount of money expected, required, or given in payment for something.
Range
the area of variation between upper and lower limits on a particular scale.
Unit price
Average prices represent, quite simply, total sales revenue divided by total units sold
Sale
the exchange of a commodity for money; the action of selling something.
