| A | B |
|---|
| ATM Card | Allows withdrawals and deposits; requires personal identification number (PIN) for transactions |
| Borrower | person who obtains money from lender with obligation to repay money loaned |
| Car loan | Credit for express purpose of purchasing a vehicle |
| Check | Document serving as money by drawing on deposits at a financial institution |
| Checking account | Allows an individual to deposit money that can be accessed on demand |
| Credit | Turst in a buyer's ability to pay in the future |
| Credit card | Means of exchange by authorizing payment for goods and services based on buyer's ability to repay lender |
| Debit | Payment charged to an individual |
| Debit card | Allows purchases by directly deducting payment from buyer's bank account, usually checking account |
| Lender | Person or institution granting access to money conditioned on loaned money being returned with interest for its temporary use |
| Loan | Credit agreement between lender and borrower |
| Mortgage | Lien upon real estate given to secure credit |
| Revolving credit | Credit automatically renewed as credit payments are made |
| Savings account | Account that allows individual to deposit money accessed on demand and used as a means of holding money reserves |
| SMART card | Card with a micro chip embedded allowing user to perform specific actions |
| Student loan | Credit issued by government or financial institution for express purpose of purchasing education services |
