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Personal Finance Terms Flashcards | StudBud
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Personal Finance Terms
Personal Finance Terms
26 terms
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Financial Literacy
Flashcards
26 cards
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Answers
1
A bank card enhanced with ATM & point-of-sale features used 2 buy goods/services electronically
Debit (Check) Card
Charge Card
Visa Card
Credit Card
2
A slip showing the amount of paper money/coin/checks being deposited to a particular account.
Withdrawal Slip
Pink Slip
Deposit Slip
Mortgage Slip
3
To write the payee’s signature on back of check before cashing/depositing/giving it to someone
Collateral
Asset
Edit
Endorse
4
A check written for more money than is currently in the account.
Debt
Loan
Overdraft
Liability
5
Check Parts: Number 1
Date
Owner of Account Information
Signature Line
Name of Institution (bank)
6
A charge deducted from an account.
Clear
Debit
Credit
Itemize
7
A rating of your use of credit based on:payment history;new credit;the types of credit you use.
Credit Range
Credit Points
Credit Average
Credit Score
8
Agency that checks credit information&keeps a complete file on people who apply for&use credit.
Loan Office
Credit Bureau
Credit Monitor
Credit Adjuster
9
Check Parts: Number 9
Check Number
Routing (Bank) Number
Account Number
ABA (American Bank Association) Transit/Routing Number
10
Anything that a bank accepts as security against the debtor’s not repaying a loan.
Lease
Mortgage
Collateral
Loan
11
ATM
acronym for automated teller machine
acronym for always talking machine
acronym for automated talking machine
acronym for all time machine
12
Check Parts: Number 2
Institution (Bank) Information
Who You're Paying
Check Number
Date
13
An establishment for lending, issuing, borrowing, exchanging, and safeguarding money.
Union
Credit Bureau
Bank
Store
14
Check Parts: Number 12
Reminder Line
ABA Routing Number
Serial Number
Date
15
In banking, this term refers to the amount of money in a particular account.
Account Balance
Compound Interest
Debit
Bonds
16
A written document instructing a bank to pay money from the writer’s account
Charge Card
Check
Bonds
Credit Card
17
Check Parts: Number 4
Banking Institution Information
Signature
Written Amount of Check
Date
18
a check “______” when it its amount is debited (subtracted) from the payer’s account.
Insufficient
Currency
Clears
Collateral
19
Check Parts: Number 10
Routing Number
Check Number
Account Number
Pin Number
20
Check Parts: Number 3
Written Amount
Reminder Line
Numeral Amount
Date
21
Check Parts: Number 5
Routing Number
Reminder Line
Checking Account Number
Check Number
22
An amount of money taken out of an account
Withdrawal
Loan
Deposit
Itemize
23
Money owed to individuals, businesses, or institution.
Credit
Collateral
Debit
Liabilities
24
Check Parts: Number 7
Date
Owner of Account Information
Signature Line
Name of Institution (bank)
25
A bank account that
accrues (grows) interest
in exchange for use of the money on deposit.
Personal Account
Savings Account
Bank Account
Checking Account
26
A check that a bank has refused to pay because there are no funds to cover it in the account.
Credit
Bounced Check
I.O.U.
Mortgage