Principles of Business, Unit 4: Chapter 17

This list focuses on banking and financial services (Unit 4, Chapter 17).

Here are links to all the chapters of Unit 4, Personal Financial Management: Chapter 15, Chapter 16, Chapter 17, Chapter 18, Chapter 19, Chapter 20

Here are links to all the units of the business textbook published by South-Western Cengage Learning: Unit 1, Unit 2, Unit 3, Unit 4
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Full list of words from this list:

words only definitions & notes
  1. federal
    national
  2. reserve
    something kept back or saved for future use
  3. commercial
    of transactions with the objective of supplying commodities
  4. bank
    financial institution that accepts deposits and lends money
  5. credit
    money available for a client to borrow
  6. union
    an employee organization that bargains with an employer
  7. deposit
    money saved in a bank or some similar institution
  8. insurance
    protection against future loss
  9. corporation
    a business firm recognized by law as a single body
  10. debit
    an accounting entry acknowledging sums that are owing
  11. endorsement
    a signature that validates something
  12. register
    a book in which names and transactions are listed
  13. reconciliation
    getting two things to correspond
  14. outstanding
    owed as a debt
  15. issue
    make out, as a check
  16. branch
    a division of some larger or more complex organization
  17. institution
    an establishment where an organization is situated
  18. association
    a formal organization of people or groups of people
  19. proportion
    relation with respect to comparative quantity or magnitude
  20. partial
    being or affecting only a segment
  21. durable
    existing for a long time
  22. obtain
    come into possession of
  23. charter
    a document creating an institution and specifying its rights
  24. storage
    the act of keeping something for future use
  25. withdrawal
    the act of taking out money or other capital
  26. borrow
    get temporarily
  27. lend
    give temporarily; let have for a limited time
  28. minimum
    the smallest possible quantity
  29. draft
    a document ordering the payment of money
  30. cancel
    make invalid for use
Created on Thu Oct 20 16:46:40 EDT 2016 (updated Thu Oct 27 17:31:59 EDT 2016)

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