2nd quarter

ATM

• Automatic Teller Machine. Allows a person to manage a bank account holder's funds through actions such as withdrawing or depositing money, viewing account balances, etc.

• A handy portfolio that holds your check register, checks, deposit slips, receipts, and other records of ATM/debit card transactions

• A record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals

Tags

CCSS.L.11-12.4

CCSS.RI.11-12.4

Balance?

• Long-term failure to repay a loan according to the terms agreed to, which has a substantial negative impact on the borrower's credit score

• An agreement made between a creditor and a consumer in which the total debt balance owed is reduced and/or fees are waived, and the reduced debt amount is paid in a lump sum instead of revolving monthly

• The amount of money you have in your bank account

Tags

CCSS.L.11-12.4

Canceled Check?

• A check that has been paid or cleared by the bank. It will appear on your bank statement

• Protection provided by the Federal Deposit Insurance Corporation; protects the deposits of customers against loss up to $250,000 per account

• Money set aside for unanticipated expenses or loss of income

Check?

• A fee paid to you for keeping your money in an account OR a fee charged to you for a loan or credit card

• A written, dated, and signed order to the bank that tells it to pay a definite sum of money to a payee

• An automatic electronic deposit of net pay to an employee's designated bank account

Checkbook

• To sign the back of a check made out to you so it can be cashed or deposited

• A deposit that has been made but not yet added to the person's bank account

• A handy portfolio that holds your check register, checks, deposit slips, receipts, and other records of ATM/debit card transactions

Check Cashing Store?

• A business that cashes checks and gives the customer cash in exchange for a fee for the service

• A game where luck is the primary factor in determining the outcome

• The odds advantage that a casino or bookmaker sets to ensure they make a profit in the long run

Credit Card?

• An auto loan that is financed by the dealership you are getting the car from

• A card that allows the holder to make purchases without cash by borrowing money

• A record that allows you to keep track of checks you have written, ATM/debit card transactions, as well as deposits and withdrawals

Debit

• Money from the profits of a company that is paid out to its shareholders, typically on a quarterly basis

• The actual rate you pay on your taxes, as a percentage of your overall income

• A sum of money deducted FROM your account

Debit Card?

• A card that is directly connected to your checking account; it enables you to conduct ATM transactions and to make purchases instead of using cash or writing a check

• Money that has value because the government has ordered that it is an acceptable means to pay debts

• A cryptocurrency transaction verification process that involves miners competing to be the first to solve a complex math puzzle and receive an amount of cryptocurrency as a reward. Requires the use of huge amounts of energy

Deposit

• A process through which a historically-disinvested neighborhood is changed by wealthier people moving in. Typically, this displaces current residents, increases housing costs, and brings new outside economic investment.

• Money you put into your account

• A measurement of your assets (money you've saved or things of value you own) minus your liabilities (money you owe others); also called wealth

Tags

CCSS.L.11-12.4

CCSS.RI.11-12.4