Credit

Credit Card

A card that allows the holder to purchase an item or service immediately but pay for it later.

Student Loan

A loan made to a _____for payment of tuition or cost of living expenses while in school.

Commercial Loan

A loan made to a business for the purpose of buying a business, making improvements to an existing one, or providing money for the business to use.

Auto Loan

A loan that is issued for the purpose of buying a car.

Mortgage Loan

A loan that is used to buy real estate property, usually a house.

Check Register

Book in which to record the amount of all checks written and to whom they were given.

Currency Exchange or Check Cashing Stores

Cashes checks for a fee (generally a percentage of the check).

Interest

Fee for borrowing money.

Automatic Teller Machine

Machine, which allows a person to make a deposit or withdrawal from their account without having to go to the bank.

Credit Limit

Maximum amount able charge at one time with a particular credit card.

Credit Union

Money deposited is usually loaned only to members. Membership usually consists of people in a given job, trade, industry or other related group,

Credit

Money, which is loaned, most often for a fee, and must be paid back.

Balance

The amount of money remaining in a bank account.

Bouncing a Check

Writing a check from an account for more money than is currently in the account, and the bank returns it to the place where it was cashed.

Commercial Bank

a financial institution that accepts demand deposits and makes loans and provides other services for the public

ATM Card

a magnetic card used in an ____ machine to deposit or withdraw money.

Balance a Checkbook

when the amount of money in the checking account is the same as the bank's records.