| A | B |
|---|
| mutual savings bank | A bank owned by depositors that mainly handles savings accounts and makes loans to home buyers |
| commercial bank | A bank that offers a full range of financial services |
| Federal Reserve System (Fed) | A nationwide banking plan set up by our federal government to supervise and regulate member banks |
| interest | An amount paid for the use of money |
| trust companies | Financial institutions that specialize in managing money and property of others |
| savings and loan association (S & L) | A financial institution htat specializes in savings accounts and loans for mortgages |
| credit union | A not-for-profit financial institution formed by people who have like occupations or live in the same community |
| consumer finance company | A financial institution that specializes in making loans for long-lasting or durable goods and financial emergencies |
| Federal Deposit Insurance Corporation (FDIC) | A federal agency that protects depositors' money in case of the failure of a bank or financial institution that it regulates |
| safe-deposit boxes | 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 more money |
| deposit slip | A form that accompanies a deposit and lists the items depositied -- currency, coins, or checks |
| check stub | A form attached to a check on which a depositor keeps a record of the checks written and any current deposit |
| endorsement | Written evidence that you receive payment or that you transferred your right of receiving payment to someone else |
| check register | A separate form on which the depositor keeps a record of deposits and checks |
| 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 |
| restrictive endorsement | An endorsement that limits the use of a check to the purpose given in the endorsement |
| service charge | A fee a bank charges for handling a checking account |
| special endorsement | An endorsement including the name of the person to whom the check has been transferred |
| 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 |
| blank endorsement | An endorsement consisting of only the endorser's name |
| drawer | The owner of the account and the person who signs the check |
| forgery | The crime of writing another person's signature on a check without his or her authority |
| traveler's check | A form designed for the traveler to use in making payments |
| postdated check | A check dated later than the date on which it is written |
| payee | The person to whom the check is written |
| drawee | The bank or other financial institution in which the account is held |
| stop-payment order | The form instructing a bank not to pay a certain check |
| cashier's check | A check that a bank draws on its own in-house funds |
| overdrawing | Writing a check for more money than is in one's account |
| certified check | A personal check for which a bank has guaranteed payment |
| money order | A form of payment that orders the issuing agency to pay the amount printed on the form to another party |
| clearinghouse | A place where member banks exchange checks to clear them |
| canceled checks | Checks that have been paid by the bank |
| outstanding checks | Checks that have not been dedcted from the bank-statement balance |
| clearing | Returning check to the drawer's bank to be paid and charged to his or her checking account |
| bank reconciliation | A statement showing how the checkbook balance and the bank statement wee brought into agreement |
| bank statement | A report sent by the bank to a depositor showing the status of his or her account |
