| A | B |
|---|
| direct deposit | an automatic deposit of net pay to an employee's designated bank account |
| ATM | a computer terminal that allows a withdrawal of cash from an account |
| debit card | a cash card that allows you to withdraw money or pay for purchases from your checking or savings account |
| point-of-sale transaction | a purchase by a debit card of a good or service at a retail store, a restaurant, or elsewhwere |
| commercial bank | a for-profit institution that offers a full range of financial services, including checking, savings, and lending |
| credit union | a non-profit financial institution that is owned by its members and organized for their benefit |
| CD | a savings alternative in which money is left on deposit for a stated period of time to earn a specific rate of return |
| money market account | a savings account that requires a minimum balance and earns interest that varies from month to month |
| rate of return | the percentage of increase in the value of your savings from earned interest |
| compounding | the process in which interest is earned on both the principal and on any previously earned interest |
| overdraft protection | an automatic loan made to an account if the balance will not cover checks written |
| endorsement | the signature of the payee, the party to whom the check has been written |
| bank reconciliation | a report that accounts for the differences between the bank statement and your checkbook balance |
| savings & loan | a financial institution that traditionally specialized in savings accounts and mortgage loans |
| stop-payment order | a request that a bank or other financial institution not cash a particular check |
| check register | small booklet that you use to record activity in your account |
