banking vocab.

sandy H.
10 words 2 learners

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Full list of words from this list:

words only definitions & notes
  1. credit
    arrangement for deferred payment for goods and services
  2. interest
    a fixed charge for borrowing money
  3. deposit
    put into a bank account
  4. withdrawal
    the act of taking out money or other capital
  5. certificate of deposit
    a debt instrument issued by a bank; usually pays interest
  6. money market
    a market for short-term debt instruments
  7. teller
    an employee of a bank who receives and pays out money
  8. credit union
    a cooperative depository financial institution whose members can obtain loans from their combined savings
  9. principal
    the original amount of debt on which interest is calculated
  10. loan
    the temporary provision of money (usually at interest)
Created on Tue Jul 17 16:10:30 EDT 2012 (updated Tue Jul 17 16:16:03 EDT 2012)

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