Question

Match the terms to their correct definitions.

1. Adjusted balance
planning for the distribution of one's estate after death
2. ATM Automatic (or Automated) Teller Machine
the annual interest ÷ cost
3. Bond
a share in the ownership of a company
4. Certificates of deposit (CD's)
document that specifies how one desires his estate to be distributed upon his death
5. Checking account
a share of money earned as profits by a company and distributed to its stockholders
6. Club account
a sum on deposit usually for a given period of time at a fixed interest rate
7. Compound interest
accounts are set up to save for specific purchases
8. Debit card
can be used like a credit card, but money is deducted directly from bank account
9. Dividend
a trust established while the owner of the trust is still alive
10. Estate planning
interest figured only on the amount of money in the savings account
11. Interest
interest figured on the amount of money in the savings account plus the amount of interest already earned
12. Intestate
permits the customer to make transactions by using a special computer terminal
13. Investment
an estate, or other property or money, given to a person or institution to manage
14. Living trust
like loaning money to the company for interest
15. Mutual fund
account allows you to write an instruction to the bank, as a check, to make a payment from that account
16. Simple interest
without a will
17. Stocks
a commitment of money in order to gain a financial return
18. Trust
investment instrument in which you purchase a part of a collection of investments
19. Will
balance after adding the outstanding deposits and subtracts the outstanding checks to the balance on the statement
20. Yield
the fee a bank pays you to keep your money

Answer 1

Lets try to figuring out the definition of it.

1. Planning for the distribution of one's estate after death is Estate planning.

2. Trust: an estate, or other property or money, given to a person or institution to manage.

3. Compound interest: figured on the amount of money in the savings account plus the amount of interest already earned.

4. Dividend: a share of money earned as profits by a company and distributed to its stockholders.

5. Checking account: account allows you to write an instruction to the bank, as a check, to make a payment from that account.

6. Will a legal document that describes how your estate should be distributed upon.

8. Purchasing a bond is like loaning money to the company for interest.

9. Club accounts: accounts are set up to save for specific purchases.

11. Mutual fund: instrument in which you purchase a part of a collection of investments.

12. A debit card can be used like a credit card, but money is deducted directly from bank account.

13. Automatic Teller Machine: permits the customer to make transactions by using a special computer terminal.

14. Adjusted balance: balance after adding the outstanding deposits and subtracts the outstanding checks to the balance on the statement.

15. Certificate of deposit (CD) is a sum on deposit usually for a given period of time at a fixed interest rate.

18. A trust created while a person is still alive is called a Living Trust.

19. Intestate: without a will.

20. Interest is the fee a bank pays you to keep your money.

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