Chapter 21 vocabulary

1. dividend- sharing of a funds profits
2. CD- you can deposit a fixed amount of money into an account
3. 401K- a specific amount of your salary goes into an account
4. Individual requirement account- a personal retirement account to which you cn put a limited amount of money.
5. keogh plan- you can invest up to 20% of your yearly earnings each year for retirement.
6. SEP- Another retirement plan
7. endorse- to sign the back of a check
8. check register- a small book for tracking your account
9. reconcile- to make agree
10. EFT- the transfer of money from one bank account to another.
11. Online Banking- lets you manage your acocunt from your personal computer.
12. Credit- a sum of money a person can use before paying it back later.
13. spplication fee- the amount of money charged to apply for a credit card.
14. down payment- a sum paid at the time of purchase.
15. finance charge- a fee based on the amount of money you owe.
16. APR- The yearly cost of the oan, expressed as a precentage.
17. Credit Bureau- AN agency that collects information on how promptly people and businesses pay their bills.