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