Unit 12: Banking

(v) to place money in a bank; (n) money placed in a

available cash, and how easily other assets can be turned into cash

anything that acts as a security or guarantee for a loan

A type of loan used to purchase or maintain a home, land, or other types of real estate. The borrower agrees to pay the lender over time, typically in a series of regular payments that are divided into principal and interest. The property then serves as collateral to secure the loan.

Something that occurs when you make a purchase with your debit card or write a check for an amount that exceeds your checking account's available balance.

an account at a bank against which checks can be drawn by the account depositor; a checking account

A deposit account that generally earns higher interest than an interest-bearing checking account. It limits the number of certain types of transfers or withdrawals you can make from the account each monthly statement cycle

A bank account maintained by a financial institution in which a customer can deposit and withdraw money

When banks have enough money to cover potential losses. Banks are expected to maintain a sufficient level of capital to remain solvent and avoid failure.

This is the date of expiration for the contractual obligation of a financial instrument.