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Finance book 1 definitions 1-15
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money borrowed from the bank in order a loan to buy a car
AUTO LOAN
an amount of money for a particular service
FEE
money is to move it from one places to another
TRANSFER
an electronic cash machine
ATM
to have the ability to withdraw money from an account
ACCESS
a percentage price charged on borrowed money
INTEREST
an agreement with a bank, allowing you to withdraw more money than you have available
OVERDRAFT
rates expressed as an annual percentage of an account or loan which is charged by a bank for borrowing its money
INTEREST RATES
a bank account with higher interest than a checking account, but there are usually withdrawal restrictions
SAVINGS ACCOUNT(S)
a method of payment; a written document ordering the bank to pay money on sb’s behalf
CHECK
a plastic card used to draw money directly from the user’s bank account
DEBIT CARD
a bank account from which money can be easily accessed
CHECKING ACCOUNTS
a private bank that provides banking services to the public
COMMERCIAL BANK
a bank that offers banking services to individuals and small companies
RETAIL BANK
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