1 | bank reconciliation | | _____ | An instruction to the bank to not honor a check |
2 | debit card | | _____ | Interest computed on principal once during a certain time |
3 | checkbook register | | _____ | The process of adjusting checkbook and bank balances so that they agree |
4 | checking account | | _____ | Interest earned on both principal and previously earned interest |
5 | deposit | | _____ | A quick formula for computing how long it will take to double money invested at a given interest rate |
6 | check | | _____ | The use of a computer-based system to move funds from the drawerÕs account to the payeeÕs account |
7 | endorsement | | _____ | Money added to a checking account |
8 | electronic transfer | | _____ | A card used to withdraw or deduct money from your checking account |
9 | simple interest | | _____ | A secure container located in a bank vault |
10 | maturity value | | _____ | A bondÕs future value as stated on its face |
11 | certificate of deposit | | _____ | A demand deposit account on which checks are drawn |
12 | compound interest | | _____ | A sum of money set aside on which interest is paid |
13 | savings account | | _____ | A demand deposit account designed for the accumulation of money in a safe place for future use |
14 | principal | | _____ | A check issued against the bankÕs funds |
15 | annuity | | _____ | A written order to a bank to pay a stated amount to a person |
16 | Rule of 72 | | _____ | A written order instructing a bank to pay upon its presentation to the person designated in it, or to the person possessing it, a certain sum of money from the account of the person who draws it. |
17 | Money order | | _____ | A time deposit that pays a fixed rate of interest for a specified length of time |
18 | Overdraft protection | | _____ | A fixed amount set aside a regular basis over time |
19 | Safe deposit box | | _____ | Accessing and managing your account online |
20 | Internet banking | | _____ | A bank service to temporarily cover a shortage in your account |
21 | Stop payment | | _____ | A type of check used to pay bills or make payments for which the money is guaranteed |
22 | Cashier check | | _____ | A tool used to track checking account transactions |