| A | B |
|---|
| Interest | The amount of money paid by a borrower to a lender in exhange for the use of the lender's money for a certain period of time OR money earned from a bank for a savings account |
| Appreciation | amount of value an item gains over time from the original purchas price |
| Depreciation | a loss of value in property |
| Inflation | An increase in the general price level of goods and services |
| Liability | The amount of money an individual or business owes to someone else; a debt |
| Asset | Anything of value owned by a person or company |
| Account | A banking service allowing a customer's money to be handled and tracked. |
| Automated Teller Machine | ATM: A specialized computer used by bank customers to manage their money |
| Available balance | The amount of money in your account that you can use of withdraw. |
| Bad or Bounced Check | check that is not paid by a bank because the customer's account does not have enough money to pay it. |
| Balance | The exact amount of money contained in a deposit account according to the bank. |
| Bank | A financial institution that handles money, including keeping it for saving or commercial purposes and exchanging, investing and supplying it for loans. |
| Check | A written order instructiong the bank to pay a specific amount of money to a specific person or entity. |
| Checking | A bank account that allows a customer to deposit and withdraw money and write checks. |
| Clear | When the bank pays a check you have written and then subtracts the amount from your account, your check has "cleared" the bank. |
| Credit Union | A non-profit financial institution that is owned and operated entirely by its members. |
| Debit card | A special card issued by a bank that looks like and is treated like a credit card, however, when used, the amount of the purchase or cash advance is subtracted from the user's deposit account |
| Endorse | To sign the back of a check, authorizing the check to be exchanged for cash or credit. |
| Federal Deposit Insurance Corporation | An independent agency of the United States government that protects customers from the loss of their deposits if an FDIC insured financial instutution fails. |
| Financial Institution | Companies such as banks, credit unions, and savings institutions that provide a wide range of money management products and services to consumers. |
| Line of credit | An arrangement by which a lender extends a specific amount of credit to a borrower for a certain time period. |
| Money Order | A document issued by a post office, bank, or convenience store ordering payment of a specific sum of money to an individual or business. |
| Non-sufficient Funds NSF | The lack of enough money in an account to pay a particular check or payment. |
| Overdraft | A term used to indicate when an item such as a check, check card purchase or other transaction presented for payment is paid even though the available balance in your deposit account is less that the amount of the item, creating a negative balance in your account. |
| Payee | The person, company or organization to whom a check is written. |
| Phishing | Is usually a two-part scam involving email and spoof websites. |
| Reconcile | The process used to determine if the balance in your account register matches the balance reported by the bank on your account statement. |
| Returned item | This is also known as "non-sufficient funds" or a "bounced check." |
