Business of Banking Ch 3

Something owned by an individual or other entity

• interest

• asset

• gain

• liquidity

fee charged for borrowing money

• asset

• liquidity

• interest

• surcharge

date on which the investor can receive the initial investment

• gain

• liquidity

• money order

• maturity

the ability to quickly turn an asset into cash

• asset

• liability

• liquidity

• loans

sell security for more than purchase price

• loss

• gain

• gross

• overdraft

charged by banks when there is not enough money in an account to cover a transaction

• overdraft protection

• insufficient funds fee

• overdraft

• fees

a service that provides funds to cover a check written on an account with insufficient funds

• insufficient fund fee

• overdraft

• overdraft program

• income fees

negative balance

• overdraft

• insufficient funds fee

• overdraft program

• assets

withdrawing cash from an ATM may trigger a fee

• surcharge

• convenience fee

• account inquiry fee

• money order

fee charged to check your account balance at an ATM that is NOT your bank

• account inquiry fee

• check my balance fee

• inactivity fee

• insufficient fee