Download as pdf or txt
Download as pdf or txt
You are on page 1of 1

Bank:an organization where people and businesses can invest or borrow money, change it to

foreign money, etc., or a building where these services are offered

Deposit:to put something valuable, especially money, in a bank or safe

Withdrawl:an act of taking money out of an account

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

Transaction:an instance of buying or selling something; a business deal

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been paid into it and withdrawn from it, issued periodically to the holder of the account

Account:a record or statement of financial expenditure and receipts relating to a particular


period or purpose

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

Funds:a sum of money saved or made available for a particular purpose

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

Financing:provide funding for (a person or enterprise)

Balance:the amount of money owed (or due) on an account

You might also like