Name: _______________________________________

Vocabulary review

Match the word with the meaning.  Write the number of the correct meaning on the line next to the word.

Kid's Money Glossary from www.mmkids.com 

____bounced check     1.   Changes in the account balance, including deposits, withdrawals, 

                                             checks cashed, service fees

____debt                       2.  The total amount in your account.           

____NSF                       3.  The amount of money to be paid to a person or business for 
                                              
                                              services or products.

____budget                   4.  A check the bank returns to payee unpaid because the account 

                                              did not contain enough money to cover it.

____activity                   5.  A plan of how much to spend and what it will be spent on.

____balance                 6.  Money owed to someone as a result of borrowing (a loan).

____payee                    7.   To offer something at a reduced price

____product                  8.  The price charged for a service.

____register                  9.   Money that is received from for working.

____service                 10.  With a loan, it is a fee lenders charge for the use of their money--

                                              also it is a fee banks pay depositors for the use of their money.

____bill                         11. Not Sufficient Funds-a polite way of saying the check bounced-

                                              not enough money in the account.

____discount                12.  The person or company you wrote the check to.

____fee                         13.  Something made, found, or bought that can be sold for profit.

____transaction            14.  The money left over after paying all bills and expenses.

____wages                    15.  In your checkbook, it is a printed form used to record your             

                                                transactions.

____interest                   16.  Work done for others; the attitude of working for others willingly.

____profit:                      17.  Any change made in your account, such as a deposit or 

                                                withdrawal.

 

ANSWERS

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