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