Introduction to Banking

1. a written, dated, and signed draft that directs a bank to pay a specific sum of money
3. the total amount of money that a person or business can borrow from a bank
4. an asset that a borrower uses to secure a loan
6. the money available in a checking or savings account
9. an entry recording an amount owed
11. a location of bank, some banks have many of these
15. put money into a bank account
16. an amount that banks charge us for the provision of services such as making a transfer, managing an account, granting us a credit card
17. any funds moving in or out of a bank account
18. fail to fulfill an obligation, especially to repay a loan
19. automated teller machine

1. accepted as a form of payment most places, usually made of plastic
2. an arrange made with a bank where someone can deposit and withdraw money
5. borrow money with the intention to pay back at a later date
7. a non-profit bank that usually has better interest rates
8. the monetary charge for borrowing money—generally expressed as a percentage
10. a list of all transactions for a bank account over a set period, usually monthly
12. small book containing preprinted paper instruments issued to checking account holders and used to pay for goods or services
13. occurs when there isn't enough money in an account to cover a transaction or withdrawal, but the bank allows the transaction anyway
14. removing funds from a bank account