Term
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Definition
| A full-service financial institution that offers a variety of services |
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Term
| Saving and loan association |
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Definition
| A financial institution that provides loans and mortgages to customers who hold a saving acount |
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Term
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Definition
| A nonprofit financial cooperative owned by its members |
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Term
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Definition
| A licensed institution that specializes in investing. |
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Term
| Insured financial institution |
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Definition
| One that is insured---as by Federal Deposit Insurance Corporation (FDIC), Savings Association Insurance Fund (SAIF), or Natioanl Credit Union Administration (NCUA) to protect deposits of clients |
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Term
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Definition
| Paper checks or debit cards are used to withdraw money deposited into the account to pay for items |
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Term
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Definition
| Money is deposited into an account to earn interest |
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Term
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Definition
| A plan for saving money for retirement; money tax-deferred until withdrawn |
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Term
| Share certificate account |
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Definition
| A certificate of deposit at a credit union |
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Term
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Definition
| An investment of money in a government or organization |
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Term
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Definition
| An insured interest-earning savings tool with restricted access to funds |
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Term
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Definition
| Groups of stocks, bonds, and other investments managed by an investment firm |
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Term
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Definition
| Purchasing properties as an investment to gain profit |
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Term
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Definition
| Ownership, represented by shares, in a corporation |
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Term
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Definition
| A card used to make a purchases; must be repaid later with interest |
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Term
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Definition
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Term
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Definition
| Assistance to consumers with specific areas of financial planning |
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Term
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Definition
| Using computer networks to make electronic funds transfers among accounts |
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Term
| Point-of-sale (POS) transfer |
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Definition
| The place where a purchase is made and money is electronically moved |
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Term
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Definition
| Card storing pre-paid amounts of money to use when making purchases |
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Term
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Definition
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Term
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Definition
| A hand-written document used to pay for purchases using funds in a personal checking account |
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Term
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Definition
| A personal check with a bank’s guarantee of payment |
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Term
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Definition
| A card used for point-of-sale transactions on a checking account |
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Term
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Definition
| A credit arrangement where the amount of money borrowed continues to change as payments are made and purchases are put on the credit card |
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Term
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Definition
| A credit arrangement where the amount of money borrowed and the amount to be repaid per month are fixed at the time the installment loan is made |
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