Vocabulary 12 Business Terms

A monthly summary providing the status of a depositor's financial accounts

An arrangement by which a bank holds funds on behalf of a depositer

A written order to a financial institution directing the financial institution to pay money

A financial institution that provides various products and services to its customers

A spending and savings plan based on estimated income and expenses 

Any activity or organization that produces or exchanges goods and services for a profit

A sum of money placed into a financial account, usually to gain interest

Money owed to someone else; the state or condition of owing money

Something of monetary value owned by an individual or an organization

One who draws upon his or her skills and initiative to launch a new business venture