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Unit 5 Financial Management Review
financial managent cash vs credit unit
13
Mathematics
10th Grade
11/27/2017

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Cards

Term
utility bill
Definition
the bill we pay for things we use in the home like electricity and water.
Term
mortage
Definition
the monthly bill we pay for house we own.
Term
account number
Definition
unique combination of numbers and/or letters that identifies the customer.
Term
account summary
Definition
section of the bill that shows an overview of key information.
Term
balance
Definition
amount of money that the customer owes the provider.
Term
minimum payment
Definition
amount less than the balance that will keep the customer in good standing with the company.
Term
due date
Definition
when the payment must be received by the creditor to avoid a penalty.
Term
check
Definition
piece of paper with your checking account number that tells the bank to pay money from your account.
Term
debit card
Definition
bank card that allows you to use it as a check or at an ATM.
Term
ATM
Definition
automated teller machine that lets you have access to your account at any time.
Term
Overdraft
Definition
when money is withdrawn from a bank account and there are not sufficient funds in the account to cover the check.
Term
PIN
Definition
personal identification number.
Term
Identity Theft
Definition
someone uses your personal information to create credit accounts. This can ruin your credit score, and can take time and money to clear your name.
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