Match the terms to their correct definitions.
1. Adjusted balance
an estate, or o...
Mathematics, 17.04.2020 18:46 pleasehelpme666
Match the terms to their correct definitions.
1. Adjusted balance
an estate, or other property or money, given to a person or institution to manage
2. ATM Automatic (or Automated) Teller Machine
like loaning money to the company for interest
3. Bond
balance after adding the outstanding deposits and subtracts the outstanding checks to the balance on the statement
4. Certificates of deposit (CD's)
planning for the distribution of one's estate after death
5. Checking account
document that specifies how one desires his estate to be distributed upon his death
6. Club account
a commitment of money in order to gain a financial return
7. Compound interest
can be used like a credit card, but money is deducted directly from bank account
8. Debit card
a share in the ownership of a company
9. Dividend
a trust established while the owner of the trust is still alive
10. Estate planning
a sum on deposit usually for a given period of time at a fixed interest rate
11. Interest
without a will
12. Intestate
the fee a bank pays you to keep your money
13. Investment
interest figured on the amount of money in the savings account plus the amount of interest already earned
14. Living trust
permits the customer to make transactions by using a special computer terminal
15. Mutual fund
interest figured only on the amount of money in the savings account
16. Simple interest
accounts are set up to save for specific purchases
17. Stocks
account allows you to write an instruction to the bank, as a check, to make a payment from that account
18. Trust
investment instrument in which you purchase a part of a collection of investments
19. Will
the annual interest ÷ cost
20. Yield
a share of money earned as profits by a company and distributed to its stockholders
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