| A | B |
|---|
| Disposable Income | Money you have to spend as you wish-after all required deductions |
| Budget | An organized plan whereby you match your expected income with expensenses and savings |
| Fixed | Expensese that remain constant and cannot be easily changed or removed from a budget |
| Variable | Expenses that may change according to needs and short-term goals |
| Assets | Items of value that a person owns |
| Liabilities | Amounts of money owed to others also known as debts |
| Net Worth | When you subtract your debts from the total amount of things you own |
| Spreadsheet/Excel | A program that sets informaiton into charts where numbers and words can be visualized and used |
| Overdraft | Occurs when a depositor writes a check on an account that is insufficient |
| Payee | The person to who a check is made payable |
| Checkbook Register | A record of checks written and depositis made in a checking account, kept by the depositor |
| Bank Statement | This document is sent by the bank regularly, listing checks and deposits processed by the bank, as well as charges and credits to an account |
| Canceled | A check that has been processed by the bank and has been subtracted from the depositor's account |
| Blank Endorsement | The payee simply signing his or her name as it appears on the front of the check |
| Check 21 | Faster way to process checks using technology |
| Chex Systems | A national database where individuals who are accused of fraud or who have written one to many bad checks are listed |
| Reconciliation | The process of matching your checkbook register with the bank statement |
| Floating a check | To write a check when you know there are temporarily not enough funds to cover the check |
| Cashier's Check | A check drawn against the bank's own funds |
| Restrictive Endorsement | Such s "For Deposit Only" |
| Checking Account | A banking service in which a customer deposits money and writes checks to withdraw at his or her convenience |
| Stop Payment Order | A request that the bank not cash a specific check |
| Certified Check | A personal check that the bank guarantees or certifies to be good |
| Special Endorsement | Transfers the right to cash the check to someone else |
