Banking Vocabulary 1

Account balance

An account balance reflects total assets minus total liabilities. In banking, the account balance is the money available in a checking or savings account. The account balance is the net amount available after all deposits and credits have been balanced with any charges or debits.

bankruptcy

Bankruptcy is a legal proceeding initiated when a person or bustiness is unable to repay outstanding debts or obligations.

currency

What Is the Meaning of currency? Currency serves as a means of exchanging commodities and services.

credit card

What is Credit Card. A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit.

ATM machine

is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller

bargain

: Something acquired by or as if by negotiating over the terms of a purchase, agreement or contract.

coupon

: a small piece of paper that allows one to get a service or product for free or at a lower price: such as. a.

bill

A bill is a written statement of money that you owe for goods or services

bonds

A bond represents a promise by a borrower to pay a lender their principal and usually interest on a loan.

budget

A budget is a plan you write down to decide how you will spend your money each month. A budget helps you make sure you will have enough money every month. Without a budget, you might run out of money before your next paycheck.

bank

Banking is the bustiness of protecting money from others.

capital

Capital is the money used to build, run, or grow a business.

borrow

borrow. transitive verb. bor·​row. : to take or receive temporarily.