A | B |
A tax on earned income | Payroll Tax |
An account that allows quick access to funds for transactions. | Checking Account |
A machine that allows individuals to complete certain transactions from the machine without human assistance. | Automatic Teller Machine |
A tax on property, such as land, buildings (including homes), and automobiles. | Property Tax |
A tax on purchased goods and services | Sales Tax |
Forāprofit depository businesses that offer financial services to both consumers and other businesses. | Commercial Banks |
Businesses that provide financial services. | Depository institutions |
A sum of money demanded by a government to support the government itself as well as specific facilities or services. | Taxes |
The price paid for using someone else's money. | Interest |
Depository institutions that offer many banking services and are owned by their customers. | Credit Unions |
A plastic card that is electronically connected to the cardholder's depository institution account | Debit Card |
Payment transactions that can be completed with no physical connection between the payment device and the physical point of sale (POS) terminal or store clerk. | contactless Payment |
Apps that many depository institutions have developed that allow online banking access from devices such as smartphones, tablets and other mobile devices. | Mobile banking |
The percentage rate used to calculate interest. | Interest Rate |
A group of people with common interests and concern for the common good. | Community |
Allows customers to complete certain transactions from a secured Internet site by using a username and password from any place in the world with Internet access. | Online Banking |
Money earned from working for pay. | Earned Income |
Accounts offered by depository institutions whose main purpose is to help people manage their money. | Savings Tools |
Taxes collected from the seller or retailer and as such often remain "hidden" in the price of a product or service, rather than being listed separately. | Excise Tax |
An account at a depository institution that is designed to hold money not spent on current consumption. | Savings Account |
A tax on earned income | Payroll Tax |
A tax on property, such as land, buildings (including homes), and automobiles. | Property Tax |
A sum of money demanded by a government to support the government itself as well as specific facilities or services. | Taxes |
An account that allows quick access to funds for transactions. | Checking Account |