AVID BIZTOWN - Banking Terms and Responsibilities

a bank account used to pay bills and access funds through checks, debit cards, and electronic payments

• checking account

• endorse

• deposit slip

• income

• transaction

write a signature on the back of a check

• responsibility

• paycheck

• endorse

• checking account

• deposit slip

a duty to behave in a specific way

• transaction

• support

• income

• responsibility

• money tracker

a tool to record the money deposited or withdrawn from an account.

• deposit slip

• money tracker

• correct

• direct deposit

• income

the freedom to act in a certain way

• money tracker

• paycheck

• responsibility

• transaction

• right

an agreement or commercial exchange

• savings and loan

• transaction

• bounced check

• savings account

• promise

a written record of money deposited in a bank account

• deposit slip

• endorse

• income

• money tracker

• paycheck

an electronic transfer of money from one account to another; often used by employers to pay employees.

• transaction

• income

• endorse

• right

• direct deposit

a check received for completed work.

• income

• money

• paycheck

• money tracker

• money transfer

the money that people earn for their work based on the value they bring to the business.

• deposit

• money

• transaction

• right

• income