| A | B |
|---|
| Financial Institution | Bank or Investment Firm |
| Savings Account | Bank account designed to earn interest on money deposited |
| Checking Account | account that allows withdrawals and deposits of your money |
| Cash | money in coins or notes |
| Deposit/Credit | money is added into a bank account |
| Withdrawal/Debit | Money is taken out of a bank account |
| Direct Deposit | Electronic transfer of money directly into your bank account |
| Check | Written order to a bank to pay a stated sum |
| ATM | Automatic Teller Machine |
| Compound Interest | When you earn interest on both the money you've saved and the interest you earn. |
| Overdraft Fee | A charge when more money is spent than what it is in the account |
| Register | A written record of your spending and deposits |
| Gross Income | Total income before taxes and other deductions |
| Net Income | Income after deductions |
| Credit history | A record of a person’s borrowing and repayment activity |
| Credit Card | Payment card that allows you to borrow money from a bank to make purchases |
