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