Professional Documents
Culture Documents
Screenshot 2024-01-13 at 11.56.09 A.M.
Screenshot 2024-01-13 at 11.56.09 A.M.
Bank teller:a person whose job is to pay out and take in money in a bank
ATM:an electronic banking outlet that allows customers to complete basic transactions without
the aid of a branch representative or teller
Bank Statement:a printed record of the balance in a bank account and the amounts that have
been paid into it and withdrawn from it, issued periodically to the holder of the account
Check: a written, dated, and signed instrument that directs a bank to pay a specific sum of
money to the bearer
Saving account:a deposit account designed to hold money you don't plan to spend
immediately
Checking account:an account at a bank against which checks can be drawn by the account
depositor.
Interest:money paid regularly at a particular rate for the use of money lent, or for delaying the
repayment of a debt
Credit card:a small plastic card issued by a bank, business, etc., allowing the holder to
purchase goods or services on credit
Debit card:a card issued by a bank allowing the holder to transfer money electronically to
another bank account when making a purchase
Mortgage:a legal agreement by which a bank or other creditor lends money at interest in
exchange for taking title of the debtor's property, with the condition that the conveyance of title
becomes void upon the payment of the debt