1-6 Banking

A for-profit financial institution that is federally licensed to receive deposits and issue loans.

• Bank

• Credit score

• Cash

• Check

Money in coins or notes.

• Bank

• Credit score

• Cash

• Check

A credit score is a prediction of your credit behavior, such as how likely you are to pay a loan back on time, based on information from your credit reports.

• Bank

• Credit score

• Cash

• Check

A written, dated, and signed draft that directs a bank to pay a specific sum of money to a person or company.

• Check

• Minimum Balance

• Checking account

• Cash

The smallest amount of money that must be kept in a bank account to avoid fees or to keep the account open

• Check

• Minimum Balance

• Checking account

• Cash

An account at a financial institution into which money is deposited and from which checks can be written for purchases or services; may be used to receive wages and pay bills

• Check

• Minimum Balance

• Checking account

• Cash