| A | B |
|---|
| Mutual Savings Bank | A bank owned by depositors that mainly handles savings accoutns and makes loans to home buyers. |
| Commercial Band | A bank that offers a full range of financial srvices |
| Federal Reserve System | A nationwide banking plan set up by our federal government to supervise and regulate membr banks |
| Interest | An amount paid for the use of money |
| Trust Companies | Financial institutions that specializee in managing the money and propoerty of others |
| Savings & Loan Association | A financial institution that specializes in savings accounts and loans for mortgages |
| Credit Union | A not-for-profit financial institution formed by people who have like ocupations or lve in the same community and that serves only its members |
| Consumer Finance Company | A financial institution that specializes in making loans for long-lasting or durable goods and financial emergencies |
| Federal Deposit Insurance Corporation | A federal agency that protects depositors' money in case of the failure of a bank or financial instiution that is regulated by the FDIC |
| Safe-Deposit Box | A secured area in a bank vault for storing valuables |
| Electronic Funds Transfer | A system through which funds are moved electronically from one account to another and from one bank to another |
| Investments | Savings that are put to work to earn mor money |
| Blank Endorsement | The least safe of all endorsements--the check could be cased by anyone who found it |
| Restrictive Endorsement | For Deposit Only |
| Special Endorsement | The safest type of endorsement to use when transferring a check to another person |
| Service Charge | A fee a bank charges for handling a checking account |
| Money Market Rate | The current cost of money in the marketplace |
| Sharedrafts | Withdrawals made on a member's shares of ownership in a credit union |
| Signature Card | A card, kept by a bank, that shows the signatures of all individuals authorized to draw checks against the account |
| Joint Account | A bank account that is used by two or more people. |
| Deposit Slip | A form that accompanies a deposit and lists the items you deposited--currency, coins, or checks |
| Endorsement | Written evidence that you received payment or that you transferred your right of receiving payment to someone else. |
| Check Stub | A form attached to a check on which a depositor keeps a record of the checks written and any current deposits |
| Check Register | A separate form or booklet on which the depositor keeps a rcord of deposits, checks, and a running balance |
| Drawer | The owner of a checking account |
| Payee | The person or organization to whom you make a check payable |
| Forgery | Signing another prson's name on a check |
| Overdrawing | Writing a check for more money than you have in your account |
| Postdated check | A check dated later than the date on which it is written |
| Stop-Payment Order | An order instructing the bank not to pay a check |
| Certified Check | A personal check for which a bank has guaranteed payment |
| Travler's Checks | Special checks designed for the traveler to use in making payments |
| Money Order | A form of payment (sometimes used by those who don't have checking accounts) that orders the issuing agency to pay the amount printed on the form to another party |
| Cashier's Check | A chaeck that a bank draws on its own in-house funds |
