Banking Terms

2. a written, dated, and signed draft that directs a bank to pay a specific sum of money to the bearer
3. taking money out of account
6. the deposit of funds electronically into a bank account rather than through a physical check
8. Federal Deposit Insurance Cooperation
11. Bank allows transactions regardless of lack of funds in account
14. Ability to pay all debts, bills, expenses, etc
15. Investment funded by shareholders and trades in diversified holding and professional managed
17. The period between the end of a billing cycle and the date the payment is due
19. banking outlets where you can withdraw cash
20. A security that represents a fractional ownership in a company

1. the signature of a payee on a check
4. type of loan that allows you to borrow money from a lender and use it to purchase a car
5. Real rate of return earned on an investment
7. a digital currency
9. an item of value pledged to secure a loan
10. Loan for a property or dwelling longer period of time
12. Individual payments made from a lump sum of money
13. Loan required for education purpose
16. Point of Sale
18. Electronic Funds Transfer