Atlantida Vocab

______ typically determine the cost of borrowing money (e.g., on loans, credit cards) or the return on savings and investments (e.g., savings accounts, fixed-term deposits).

___ are charges, such as: Account maintenance (for checking or savings accounts), Loan origination (for processing loans), Transaction (transfers, ATM withdrawals, or foreign transactions), Late payment (missed credit card or loans payments

An _______________ is a type of loan designed to finance environmentally friendly projects, products, or initiatives.

A _____________ is a type of bank account designed for everyday transactions, such as depositing and withdrawing money, paying bills, and making purchases.

_______ refers to financial services and products designed specifically for businesses, ranging from small enterprises to large corporations.

These are businesses that fall within a specific size range, typically defined by factors such as the number of employees, annual revenue, or total assets.

_____________ refer to payments collected by a third party (a collector) on behalf of a business or financial institution. These payments are typically associated with debts, loans, utility bills, or subscription services.

A _______________ is a financial investment in which an individual or business deposits a specific amount of money in a bank for a predetermined period at a fixed interest rate.

A _____________ is a type of savings account that offers a significantly higher interest rate than a standard savings account.

____________ involve using money to purchase assets like stocks, bonds, mutual funds, real estate, or businesses with the expectation of generating higher returns over time.

An _______________ is a digital document that serves as a formal record of a transaction between a buyer and a seller.

________ refer to money that is sent or transferred by individuals, usually migrant workers, from one country to another to support their families or loved ones.

A ___________ is a sum of money that one party (the lender) provides to another party (the borrower) with the expectation that it will be repaid over time, typically with interest.

____________ refers to the financial services offered by banks and financial institutions to individual customers rather than businesses or corporations.

________ refers to setting aside a portion of income in a secure and easily accessible account.

___________ and ___________ are two key financial strategies used to manage and grow money over time.

__________ are companies that are controlled or owned by another company, known as the parent company.

___________ is a specialized financial service provided to high-net-worth individuals (HNWIs) who require personalized banking, investment, and wealth management services.

A ___________ is a type of loan specifically used to purchase real estate. The borrower agrees to repay the loan over a set period, typically 15 to 30 years, in regular installments.

_______ is a payment that is guaranteed by the issuing bank. In accounting, a _______ is a bill or check that a bank issues to pay a specific amount to a payee.

_____________ refer to the movement of funds between accounts held at different banks. These transfers allow individuals, businesses, and financial institutions to send money from one bank to another securely and efficiently.