Term
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Definition
| Full-service financial institution offering a variety of services. |
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Term
| Saving and Loan Association(s) |
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Definition
| Financial Institution providing loans and mortgages to customers who hold a saving accont. |
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Definition
| Nonprofit financial cooperative owned by its members. |
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Term
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Definition
| Licensed institution specializing in investing. |
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Term
| Insured Financial Institution |
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Definition
| One that is insured---as by FederalDeposit Insurance Corporation (FDIC), Savings Association Insurance Fund (SAIF), or National Credit Union Administration (NCUA) to protect deposits of clients. |
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Term
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Definition
| Paper checks or debit cards used to withdraw money deposited into the account to pay for items. |
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Term
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Definition
| Money depositedinto an account to earn interest. |
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Term
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Definition
| Plan for saving money for retirement; money tax-deferred untill withdrawn |
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Term
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Definition
| Savings account at credit union. |
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Term
| Share Certificate Account |
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Definition
| Certificate of deposit at a credit union |
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Term
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Definition
| Checking account at a credit union |
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Term
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Definition
| Investment of money in a government or organization. |
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Term
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Definition
| Insured interest-earning savings tooled 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
| Card used to make 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
| Loan to purchase a home or other real estate. |
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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
| Secured box in a bank used by clients for valuable personal items. |
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Term
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Definition
| Computer networks used to make electronic funds transferred among accounts. |
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Term
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Definition
| The ability to obtain money from one’s accounts quickly and easily |
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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
| Personal Identification Number (PIN) |
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Definition
| A unique number kept secured and used to access an account and perform transactions |
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Term
| Automated Teller Machine (ATM |
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Definition
| A computer terminal used to transact business with a financial institution |
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Term
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Definition
| Arrangement for electronically depositing pay/benefits directly into an account |
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Term
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Definition
| Arrangement for electronically withdrawing funds from an account to pay |
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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 check bought from a bank with payment guaranteed by the bank |
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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 way for people with no checking account to send money by mail |
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Term
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Definition
| A check used in place of cash when traveling for greater security |
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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 card used for payment through credit with interest accruing |
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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 |
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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 |
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