| A | B |
|---|
| Overdraft | Writing a check for more money than is in one's account. |
| Assets | Items of value. |
| Liabilities | Amount owed to others. |
| FDIC | A federal agency that protects depositors' money in case of the failure of bank or financial institution that it regulates. |
| Trust Company | Financial institutions that specialze in managing the money and property of others. |
| Electronic Funds Transfer | A system through which funds are moved electronically from one account to another ad from one bank to another. |
| Interest | The amount of money paid for the use of money. |
| Safe-deposit boxes | A secured area in a bank valult for storing valuables. |
| Thrift Institution | Institutions that offer checking and savings accounts and other various types of time-deposits and use these funds to purchase long-term mortgages. |
| Credit Union | An Institution that are small non-profit depository institutions that are owned by their members who are also their customers. |
