| A | B |
|---|
| Savings Account | A bank account that earns interest |
| Checking Account | An account at a bank against which checks can be drawn by the account depositor |
| Certificate of Deposit | savings alternative in which money is left on deposit for a stated period of time to earn specfic rate of return (usually higher interest rate than regular savings account, yet there is a penalty for early withdrawl) |
| Credit Card | A small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit. (borrowing) |
| Debit Card | A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
| ATM | Automatic teller machine, a computer terminal that allows a withdrawal of cash from an account |
| Safety Deposit Box | a fireproof metal strongbox (usually in a bank) that holds and protects valuables |
| Online Banking | Online banking is an electronic payment system that enables customers of a financial institution to conduct financial transactions on a website |
| Certified check | A check that is guaranteed by a bank. |
| Cashier Check | A check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier |
| Money Order | Printed order for payment of a specified sum, issued by a bank or post office. |
| Stop-Payment Order | A request a bank or other financial insititution not cash a particular check |
| Endorsement | A signature on the back of a check to allow the check to be cashed. |
| Restrictive Endorsement | A signature on the back of a check that allows the check to be deposited only into an account and not cash issued. |
| Blank Endorsement | A signature on the back of a check to allow the check to be cashed by the person it is written to |
| Check Register | A document, usually part of the general ledger, used to record financial transactions in cash |
| Bank Reconcililation | The difference between the bank balance shown on a bank statement and an organization's records |
| Signature Card | A card that must be signed by an individual who is opening an account at a bank or other similar institution to verify identity |
| Deposit | A sum of money placed in a bank account |
| Withdrawl | A sum of money taken from an account |
| Transfer | Moving money from one account to another |
| Credit Union | A non-profit finacial insitution that is owned by its members and organized for their benefit |
| Commerical Bank | A for-profit insititution that offers a full range of financial services, including checking, savings and lending |
| Mortgage | A long-term loan extetened to someone who buys property |
| Minimum Balance | The amount that you must keep at least of in an account to avoid bank fees |
| overdraft | when you go below zero in your checking account |
| bonds | loans to government or munipality |
| EFT | electronic funds transfer - to move money automatically from one account to another |
