Unit 3: Lesson 2 Debit & Credit

A legal process that gives a debtor protection from creditors.

• debit

• bankruptcy

• foreclosure

• check

An online payment service that allows consumers to transfer money electronically.

• Cash

• Debit Card

• Direct Deposit

• Pay Pal

The amount deducted from a bank account.

• Debit

• Credit

• Cash

• Paypal

A legal process in which a lender takes possession of a property from a person who failed to make payments.

• Check

• Bankruptcy

• Foreclosure

• Cash App

A card authorizing the holder to purchase goods and services that can be paid for later.

• Debit Card

• Credit Card

• Cash

• Check

Money in the form of bills or coins.

• Debit

• Paypal

• Check

• Cash

A written order for a bank to pay money.

• Cash

• ATM

• Check

• Debit Card

The amount of money owed.

• Debit

• Credit

• Debit Card

• Paypal

The amount of financial trust extended to a person or a business.

• Debit

• Credit

• Debit Card

• Check

A card that is like cash where money is immediately subtracted from the cardholders bank account when a purchase is made.

• Credit Card

• Check

• Debit Card

• Cash