Finance Park Vocabulary (Part Two)

A for-profit institution that offers personal loans, mortgages, and other services

• Check

• Needs

• Bank

• Budget

A not-for-profit cooperative that offers bank services and is owned by its members

• Bankruptcy

• Credit Union

• Bank

• Debt

A Web-only bank

• Credit Union

• Credit Card

• Internet Bank

• Opportunity Cost

A wireless service that allows financial transactions by using an app or web browser from a mobile device

• Mobile Banking

• Wants

• Debt

• Bank

An electronic way to view account activity and pay bills via the Internet and an institution's website

• Debt

• Debit Card

• Online Banking

• Wants

A legal process that gives a debtor protection from creditors

• Wants

• Online Banking

• Bankruptcy

• Scarcity

Money in the form of bills or coins

• Bank

• Debit

• Cash

• Debt

A written order for a bank to pay money

• Check

• Cash

• Scarcity

• Bank

The amount of financial trust extended to a person or a business by a lender; a loan

• Credit

• Wants

• Internet Bank

• Credit Union

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

• Wants

• Debt

• Mobile Banking

• Credit Card