BizTown- Lesson 1 Financial Institutions Vocab

Front

A machine for bank transactions without visiting the bank.

Back

ATM (automated teller machine)

Front

Current amount of money in an account.

Back

balance

Front

A business offering money services like loans and accounts.

Back

Bank

Front

A company that sells goods or services.

Back

Business

Front

Investment earning interest over time.

Back

Certificate of deposit (CD)

Front

Written order to a bank to pay a certain amount from a checking account.

Back

Check

Front

Bank account for bills, checks, and debit cards

Back

checking account

Front

A card that allows the holder to buy goods and services by taking out a bank loan.

Back

credit card

Front

A financial institution owned by its members providing services like a bank.

Back

Credit Union

Front

A card for immediate electronic fund withdrawal for cash or purchases.

Back

Debit Card