| A | B |
|---|
| Commercial Bank | full service financial institution that offers a variety of services |
| savings and loan association | financial institution that provides loans nd mortgages to customers who hold a savings account |
| credit union | nonprofit financial cooperative owned by its members |
| brokerage firm | licensed institution that specializes in investing |
| checking account | Paper checks or debit cards are used to withdraw money deposited into the |
| savings account | Money is deposited into an account to earn interest |
| retirement plan account | A plan for saving money for retirement; money tax-deferred until withdrawn |
| share account | savings account at a credit union |
| share certificate account | certificate of deposit at credit union |
| share draft account | A checking account at a credit union |
| bond | An investment of money in a government or organization |
| certicate of deposit | An insured interest-earning savings tool with restricted access to funds |
| mutual fund | groups of stocks, bonds, and other investments managed by an investment firm |
| real estate investment | purchasing properties as an investment to gain profit |
| stock | Ownership, represented by shares, in a corporation |
| credit card | A card used to make a purchases; must be repaid later with interest |
| loan | borrowed money |
| mortgage | loan to purchase a home or other real estate |
| financial counseling | assistance to consumers with specific areas of financial planning |
| safe-deposit box | A secured box in a bank used by clients for valuable personal items |
| e-banking | Using computer networks to make electronic funds transfers among accounts |
| access | The ability to obtain money from one’s accounts quickly and easily |
| Point-of-sale (POS) transfer | The place where a purchase is made and money is electronically moved |
| Personal Identification Number (PIN) | A unique number kept secured and used to access an account and perform |
| Automated Teller Machine (ATM) | A computer terminal used to transact business with a financial institution |
| direct deposit | arrangement for electronically depositing pay/benefits directly into an account |
| direct withdrawal | Arrangement for electronically withdrawing funds from an account to pay bills |
| smart card | Card storing pre-paid amounts of money to use when making purchases |
| Currency | paper money; bills |
| Personal check | A hand-written document used to pay for purchases using funds in a personal |
| Cashier’s check | A check bought from a bank with payment guaranteed by the bank |
| certified check | A personal check with a bank’s guarantee of payment |
| money order | A way for people with no checking account to send money by mail |
| traveler's check | A check used in place of cash when traveling for greater security |
| debit card | A card used for point-of-sale transactions on a checking account |
| credit card | A card used for payment through credit with interest accruing |
| open-end credit | A credit arrangement where the amount of money borrowed continues to |
| closed-end credit | A credit arrangement where the amount of money borrowed and the amount to |
