Finacne banking match the term

FDIC (Federal Deposit Insurance Corporation)

A government agency that insures deposits in banks up to $250,000 per depositor.

Credit Union

A financial institution owned by its members, often offering lower loan rates.

Account Balance

The total amount of money in your account, including pending transactions.

Direct Deposit

An arrangement to automatically send your paycheck into your bank account.

APR (Annual Percentage Rate)

The cost of borrowing money, expressed as a yearly percentage.

Roth IRA

A retirement account funded with after

Early Withdrawal Penalty

A penalty charged when you remove funds before a set time.

Interest Bearing account

A type of bank account that earns interest on deposited funds.

Principal

The original amount of money borrowed or invested.

Money Order

A paper form similar to a check, but purchased with guaranteed funds.

Credit Limit

The limit on how much you can borrow on a credit card.

Certified Check

An official check guaranteed by the bank to ensure payment.

Liabilities

The total amount owed to others.

Interest Rate

The percentage used to calculate interest.

Prime Rate

The interest rate used by major banks when lending to their best customers.

Default

When a borrower fails to repay a loan as agreed.

Joint Account

A bank account shared by two or more people.

Service Charge

A fee for maintaining an account or performing certain transactions.

Funds on Hold

Funds temporarily unavailable because they haven’t cleared.

Liquidity

The ability to quickly access cash or convert assets to cash.

Transfer

The process of sending money from one account to another.

APY (Annual Percentage Yield)

The annualized rate of return that includes compounding interest.

Money Market Account

An account combining checking and savings features, usually with a higher balance requirement.

Assets

Property or resources that have economic value.

Deficit

When spending exceeds income or revenue.

Zero Liability Protection

A credit card protection policy that shields you from fraudulent charges.

Withdrawal

The act of removing money from a bank account.

Mortgage Loan

A type of loan used to purchase real estate.

Account Statement

A document that lists all transactions and balances over a period.

Maturity Date

The time when a financial product, such as a CD, reaches full value.

Bill Pay

A method of paying bills electronically through your bank.

Simple Interest

Interest calculated only on the original principal.

Extended Overdrawn Balance Charge (EOBC)

A fee charged after your account stays negative for too long.
401(k) Plan

Bounced Check/NSF

When a check cannot be processed due to insufficient funds.

Creditor

The bank or lender that provides credit.

Overdraft

When you spend more money than you have available in your account.

Variable rate

A percentage that can increase or decrease over the loan period.

Interest

The profit earned or cost charged for borrowing or lending money.

Bank

An institution that manages money and provides loans or accounts.

Beneficiary

A person designated to receive money or assets after someone’s death.

Deposit

The act of putting money into a bank account.

Liquidity (or Rate of Liquidity, same concept)

The amount of time it takes to turn an asset into spendable cash.

Routing Number

A unique nine

Compound Interest

When interest is added to the principal, so you earn interest on interest.

Junk Fees

Any unnecessary or hidden bank fees.

Personal Loan

A loan typically used for personal expenses like home repairs or debt consolidation.

Debt

The total owed money or obligation to repay.

PIN (Personal Identification Number)

A personal code used to access an ATM or debit card securely.

Subprime Rate

The interest rate charged to borrowers with poor credit history.

Fixed Rate

The fixed cost of a loan that stays the same over time.

Credit

Borrowed money that must be repaid, often with interest.

Fixed Rate (Same as YY; applies if “AAA” is meant to repeat)

A loan rate that stays constant for the full loan term.

Withdrawal (Duplicate of AA if intentional)

The movement of money out of an account for payment or cash.

Credit Score

A number that measures how likely you are to repay borrowed money.

Bill Pay (or Automatic Bill pay)

An electronic payment option that lets you schedule recurring bills.

Credit Card

A credit card used for borrowing up to a set limit and repaying later.

Account statement (if separate from CC, could also be “Receipt”)

A paper record of a payment or transaction.

Net Worth

The difference between what you own and what you owe.

APY (Annual Percentage Yield)

Interest rate earned on savings, accounting for compounding.

Stop payment

The act of ensuring a check can’t be processed once issued.

Emergency Cash

Temporary or emergency money used for unexpected expenses.

Creditworthiness

The lender’s assessment of a borrower’s reliability.

Loan

When you take out a loan and agree to repay over time with interest.

Available Balance

Money or funds currently available for use in your account.

Liquidity

A measure of how quickly you can use or spend an asset.