Financial Literacy

An arrangement where a lender extends a specific amount of credit for a certain period of time.

The lack of enough money in an account to pay a particular check or payment.

The amount of money in your account that you can use or withdrawl.

An increase in the general price level of goods and services.

The amount or value an item gains over time from the original purchase price.

The amount of money an individual or business owes to someone else: a debt.

A written order instructing the bank to pay a specific amount of money to a specific person.

Process used to determine if the balance in your account register matches what the bank reports

The person, company, or organization to whom a check is written.

The loss of value in real property brought about by age or physical deteroration.

A service that transfers $ from a linked acct when you don't have enough $ for transactions.

To sign the back of a check, authorizing the check to be exhanged for cash or credit.

There is not enough money in your account to pay for a transaction creating a negative balance.

Allows you to keep accurate records of your deposits and withdrawls.

An independent agency of the US Gov't that protects a customers money if the bank fails.

A card linked to a checking account that can be used to withdrawl money and make deposits.