| A | B |
|---|
| Commercial Bank | Institutions that work for individuals but are primarily concerned with accepting deposits and making loans to businesses. |
| Smart Card | Card that contains an embedded microprocessor used for various applications, including banking services. |
| Canceled Check | A check that bears the bank's stamp, indicating that it has cleared. |
| Reconciliation | The process of matching your checkbook register with the bank statement |
| Overdraft | A check written for more than your account contains. |
| Bank | An establishment authorized by a government to accept deposits, pay interest, clear checks, make loans and provide other financial services to its customers. |
| Checkbook Register | A booklet used to record checking account transactions. |
| Debit Card | A bank card used in cash transactions where the amount of purchase is withdrawn from the available balance in the cardholder's account. |
| Monetary Policy | The economic strategy chosen by a government in deciding expansion or contraction in the country's money supply. |
| Credit Unions | Non-profit institution established by employee groups who pool their money and provide various banking services to its members. |
| Blank Endorsement | The payee simply signing his or her name as it appears on the front of the check. |
| Demand Deposit | An account that lets you withdraw portions of your deposited funds at any time. |
| Money | Currency and coin that are guaranteed as legal tender by the government. |
| Savings and Loan | U.S. depository institution, typically chartered and organized like a bank, that offers home mortgage loans and basic banking services such as checking accounts and credit cards, where depositors and borrowers are voting members. |
| Federal Reserve System | The U.S. central banking system comprising of 12 regional banks. |
| Credit Unions | Non-profit institution established by employee groups who pool their money and provide various banking services to its members. |
| Special Endorsement | An endorsement signing a check over to a third person. |
| Interest Rate | The monthly effective rate paid on borrowed money. Expressed as a % of the sum borrowed. |
| Inflation | A rise in the general level of prices. |
