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Business CON - Banking

Banking Vocabulary review

AB
currencypaper money and coins
bartertrading goods or services
mortgagepledge of property that a loan will be repaid
withdrawalremoving money from a bank account
interestmoney paid by the bank for the use of your money
demand depositmoney put in a checking account
time depositmoney put in a savings account
depositputting money in a bank
checkbook dollarsform of money used when writing a check
line of creditloan of money available on demand
overdraft protectionprearranged line of credit for overdrawn checks
signature cardyour identity for a bank account
joint accountaccount shared by two people
deposit ticketdocument that lists cash, checks and total amount of deposit
check registersection of checkbook you record your transactions
endorsementsignature required on the back of a check before cashing
bank statementlist of all the activities in an account
cancelled checksindicating payment was made on a check


Business/Computer Teacher
North Putnam High School
Roachdale, IN

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