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WorksheetsBank and Finance Vocabulary
Total questions: 20
Worksheet time: 20mins
What is the definition of Account?
A sum of money placed or kept in a bank account, usually to gain interest.
An expense that you can control or adjust, for example, how much you spend on groceries, clothes, or entertainment.
A banking service allowing a customer’s money to be handled and tracked. Common bank accounts are savings and checking accounts.
A written financial plan to manage income, expenses and savings.
What is the definition of ATM?
An electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
The act of taking money out of an account.
The amount of money earned.
What is the definition of Available Balance?
A written record of a person’s use of credit, including applying for credit, and using credit or loans to make purchases.
Something that is owed or that one is bound to pay to or perform for another.
A fixed cost is an expense that stays the same each month, such as rent or a car payment
The amount of money in your account that you can use or withdraw.
What is the definition of Bad Credit?
A banking service allowing a customer’s money to be handled and tracked. Common bank accounts are savings and checking accounts.
A situation in which lenders believe that, due to a borrower’s poor history of repaying his or her debts, further loans to this person would be especially risky.
Written financial plan to manage income, expenses and savings
A bank account that allows a customer to deposit and withdraw money and earn interest on the balance.
What is the definition of Bank Statement?
A monthly document sent to you by your bank that lists your account balance at the beginning and end of the month, and all of the checks you wrote that your bank has processed during the month.
An expense that you can control or adjust, for example, how much you spend on groceries, clothes, or entertainment.
A situation in which lenders believe that, due to a borrower’s poor history of repaying his or her debts, further loans to this person would be especially risky.
Electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.
What is the definition of Budget?
The amount of money in your account that you can use or withdraw.
A sum of money placed or kept in a bank account, usually to gain interest.
Something that is owed or that one is bound to pay to or perform for another.
Written financial plan to manage income, expenses and savings.
What is the definition of Credit?
A bank account that allows a customer to deposit and withdraw money and earn interest on the balance.
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Electronic payment form the employer’s bank account to the employee’s bank account.
An expense that you can control or adjust, for example, how much you spend on groceries, clothes, or entertainment.
What is the definition of Credit History?
A sum of money placed or kept in a bank account, usually to gain interest.
Electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.
A written record of a person’s use of credit, including applying for credit, and using credit or loans to make purchases.
A fixed cost is an expense that stays the same each month, such as rent or a car payment
What is the definition of Credit Limit?
Maximum amount of credit a financial institution extends to a client.
For individuals, an expense is a cost of living; for example, rent or groceries.
Money earned.
A sum of money placed or kept in a bank account, usually to gain interest.
What is the definition of Debt?
Written financial plan to manage income, expenses and savings.
The amount of money in your account that you can use or withdraw.
An act of taking money out of an account.
something that is owed or that one is bound to pay to or perform for another.
What is the definition of Debit Card?
A banking service allowing a customer’s money to be handled and tracked. Common bank accounts are savings and checking accounts.
A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
Electronic payment form the employer’s bank account to the employee’s bank account.
An expense that you can control or adjust, for example, how much you spend on groceries, clothes, or entertainment.
What is the definition of Deposit?
A sum of money placed or kept in a bank account, usually to gain interest.
Written financial plan to manage income, expenses and savings.
The amount of money in your account that you can use or withdraw.
A bank account that allows a customer to deposit and withdraw money and earn interest on the balance.
What is the definition of Direct Deposit?
An expense that you can control or adjust, for example, how much you spend on groceries, clothes, or entertainment.
A monthly document sent to you by your bank that lists your account balance at the beginning and end of the month, and all of the checks you wrote that your bank has processed during the month.
Electronic payment form the employer’s bank account to the employee’s bank account.
Something that is owed or that one is bound to pay to or perform for another.
What is the definition of Expense?
An expense that you can control or adjust, for example, how much you spend on groceries, clothes, or entertainment.
Money earned.
For individuals, an expense is a cost of living; for example, rent or groceries.
A fixed cost is an expense that stays the same each month, such as rent or a car payment
What is the definition of Fixed Expense?
A fixed cost is an expense that stays the same each month, such as rent or a car payment.
A written record of a person’s use of credit, including applying for credit, and using credit or loans to make purchases.
The act of taking money out of an account.
An expense that you can control or adjust, for example, how much you spend on groceries, clothes, or entertainment.
What is the definition of Flexible Expense?
Electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.
an expense that you can control or adjust, for example, how much you spend on groceries, clothes, or entertainment.
A bank account that allows a customer to deposit and withdraw money and earn interest on the balance.
For individuals, an expense is a cost of living; for example, rent or groceries.
What is the definition of Income?
Something that is owed or that one is bound to pay to or perform for another.
A monthly document sent to you by your bank that lists your account balance at the beginning and end of the month, and all of the checks you wrote that your bank has processed during the month.
The amount of money in your account that you can use or withdraw.
Money earned.
What is the definition of Loan?
A thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
Written financial plan to manage income, expenses and savings.
The amount of money in your account that you can use or withdraw.
What is the definition of Savings Account?
A banking service allowing a customer’s money to be handled and tracked.
Maximum amount of credit a financial institution extends to a client.
A bank account that allows a customer to deposit and withdraw money and earn interest on the balance.
An expense that you can control or adjust, for example, how much you spend on groceries, clothes, or entertainment.
What is the definition of Withdrawal?
A situation in which lenders believe that, due to a borrower’s poor history of repaying his or her debts, further loans to this person would be especially risky.
The act of taking money out of an account.
Money earned.
A card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase.
