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Review for Final 2

Additional review for the final exam - go through enough times to see all 20 terms.

AB
"For Deposit Only"Restrictive Endorsement
Endorsement in Full - "pay to the order of"Special Endorsement
Checkbook RegisterDepositor's record of account transactions
FDICFederal Insurance on your bank accounts
Check Written on the bank's fundsCashier's Check
Discretionary IncomeAmount of money left after paying bills
Online / telephone BankingGives up-to-date account information accessible any time.
Service FeeCharged if your checkbook balance falls below a minimum
The amount of money borrowedThe Principal Amount
The additional charge for using creditThe Finance Charge
Money added to your account for allowing the bank to use itInterest
Paying interest on interestCompounding
Stockbroker works hereBrokerage Firm
LiquidityThe ability to get cash from your investment
Maturity DateThe date the Certificate of Deposit is due
Visa, Mastercard, DiscoverRevolving Credit
Ability to repay a loanCapacity
Loan where property is used to ensure repaymentSecured Loan
Open-end CreditCredit can be used again and again without reapplying
Paying the same dollar amount for a determined lenght of timeInstallment Loan


Business Teacher
Munster High School
IN

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