Unit 4 Vocabulary

4. The amount of money in a bank account
5. Card A bank card that allows you to use an ATM
7. A line of credit that banks offer to their customers to cover their overdrafts. It kicks in when a customer writes a check for more than the amount in their account.
10. Account A bank account used to save money and earn interest
12. A piece of paper that orders a bank to take money from an account
15. A card with the name, address and authorized signature of an account holder.
16. A bank form usually sent each month to the account holder that lists all the checks paid, deposits, withdrawals, service charges and the account balance
17. A savings account with a minimum balance, a fixed interest rate and a fixed period of time
18. A booklet used to keep track of the balance when a check is written or a deposit/withdrawal is made from an account
19. To compare the information in a check register to a bank statement and correct any mistakes

1. Interest on the principal only
2. Interest on the principal and the interest already earned
3. A machine that lets you access your bank account at any time
6. To refuse to pay a check written for more money then the amount in an account
8. To put money into a bank
9. A deficit in a bank account caused by drawing more money than the account holds.
11. To take money out of a bank
13. A business that offers financial services
14. A bank account where you can use checks in order to pay expenses