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BizTown Unit 2 Vocabulary

AB
financial institutionA business that provides money-related services.
checking accountAn account that allows the owner to write checks against deposited money.
debit cardCards that allow customers to electronically and immediately withdraw funds from their accounts.
savings accountAn account used to hold money that is not needed right away.
loanAn amount of money borrowed by someone that must be repaid, usually with interest.
interestA fee received for the use of money.
credit cardA card that allows the holder to buy goods and services, taking out a bank loan for the purchases.
checksWritten orders to a bank to pay a certain amount of money from a checking account to another person or business.
deposit ticketsWritten records of money put into a checking account.
check registerA booklet for recording the money that is put in or removed from the checking account.
net depositThe amount of money deposited into an account, minus any cash received.
endorseTo write a signature on the back of a check.


8th Grade Science
Laurens Middle School
Laurens, SC

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