business flashcards

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checking account

Back

a bank account used to pay bills and access funds using checks,debit cards,and electronic payments now

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pin

Back

a number required when a person uses a debit card ; it ensures others can t access the account

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bank

Back

privately owned institution that accepts deposits and makes loans

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interest

Back

an amount received or paid for the use of money

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saving account

Back

an account that usually earns interest andis often used to hold money that is not needed right away

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balance

Back

the current amount of money in an account

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endorse

Back

to write a signature on the back of check

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check

Back

a writing order to a bank to pay a certain amount of money from the checking account to another person or business.

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credit card

Back

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

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transaction

Back

a writing record of money put an to a bank account