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Banking Terms Flashcards | StudBud
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Banking Terms
Banking Terms
37 terms
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Financial Literacy
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37 cards
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1
Check Parts: Number 9
Account Number
ABA (American Bank Association) Transit/Routing Number
Routing (Bank) Number
Check Number
2
An amount of money taken out of an account
Deposit
Loan
Itemize
Withdrawal
3
Money owed to individuals, businesses, or institution.
Credit
Liabilities
Collateral
Debit
4
A “used” check that has been paid and subtracted from the check-writer’s account.
Canceled Check
Deposited Check
Voided Check
Refund Check
5
Check Parts: Number 5
Routing Number
Check Number
Checking Account Number
Reminder Line
6
Check Parts: Number 1
Owner of Account Information
Date
Signature Line
Name of Institution (bank)
7
An individual or company who writes a check; one who gives money as payment.
Borrower
Teller
Payer/Payee
8
A plastic card that gives access to a line of credit.
Lender's Card
Debit Card
Charge (Credit) Card
Identification Card
9
Check Parts: Number 6
Routing Number
Check Number
Date
Account Number
10
A charge deducted from an account.
Clear
Credit
Itemize
Debit
11
A bank account that
accrues (grows) interest
in exchange for use of the money on deposit.
Bank Account
Checking Account
Personal Account
Savings Account
12
Agency that checks credit information&keeps a complete file on people who apply for&use credit.
Loan Office
Credit Monitor
Credit Adjuster
Credit Bureau
13
a check “______” when it its amount is debited (subtracted) from the payer’s account.
Currency
Insufficient
Clears
Collateral
14
Check Parts: Number 2
Who You're Paying
Institution (Bank) Information
Date
Check Number
15
a check that a bank has refused to pay because there are no funds to cover it in the account.
Mortgage
I.O.U.
Bounced Check
Credit
16
Check Parts: Number 10
Pin Number
Check Number
Account Number
Routing Number
17
Anything that a bank accepts as security against the debtor’s not repaying a loan.
Collateral
Lease
Loan
Mortgage
18
Money deposited with a financial institution for investment and/or safekeeping purposes.
Account
Asset
Debit
Bond
19
Items of monetary value (e.g., house, land, car) owned by an individual or a company
Capital
Mutual Funds
Collateral
Assets
20
To write the payee’s signature on back of check before cashing/depositing/giving it to someone
Endorse
Edit
Asset
Collateral
21
Check Parts: Number 11
ABA Number
Check Number
Routing Number
Serial Number
22
A rating of your use of credit based on:payment history;new credit;the types of credit you use.
Credit Average
Credit Range
Credit Points
Credit Score
23
Check Parts: Number 4
Signature
Written Amount of Check
Banking Institution Information
Date
24
ATM
acronym for always talking machine
acronym for automated teller machine
acronym for all time machine
acronym for automated talking machine
25
Check Parts: Number 3
Date
Numeral Amount
Written Amount
Reminder Line
26
An authorized amount of credit given to an individual, business or institution.
Signature Line
Line of Credit
Line of Debt
Credit History
27
an establishment for lending, issuing, borrowing, exchanging, and safeguarding money.
Store
Union
Credit Bureau
Bank
28
Check Parts: Number 12
Reminder Line
ABA Routing Number
Serial Number
Date
29
An individual or company that puts money in a bank account
Creditor
Depositor
Debtor
Loan Officer
30
Check Parts: Number 7
Owner of Account Information
Name of Institution (bank)
Date
Signature Line
31
Check Parts: Number 8
Reminder Line
Bank Institution Information
Payee (Who You'e Paying)
Mailing Address
32
A check written for more money than is currently in the account.
Debt
Loan
Liability
Overdraft
33
A bank card enhanced with ATM & point-of-sale features used 2 buy goods/services electronically
Charge Card
Visa Card
Debit (Check) Card
Credit Card
34
A monthly fee a bank charges for handling a checking account
Insufficient Fee
Savings Account
Checking Account
Service Charge
35
A slip showing the amount of paper money/coin/checks being deposited to a particular account.
Pink Slip
Deposit Slip
Withdrawal Slip
Mortgage Slip
36
In banking, balance refers to the amount of money in a particular account.
Account Balance
Compound Interest
Bonds
Debit
37
A written document instructing a bank to pay money from the writer’s account
Charge Card
Bonds
Check
Credit Card
