Chapter 12 Review-Vocab

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A record of the amount of money a customer has deposited ito or withdrawn from a bank.

Financial institutions that offer the entire range of banking services, such as checking and savings accounts, loans, and financial advice.

Property or goods pledged by a borrower to use as security against a loan if it is not repaid.

A secure box in a bank's vault used for the safe storage of a customer's valuables.

A system that allows money to be transferred from one bank account to another through a network of computers

Not-for-profit banks set up by organizations for their customers to use.

The electronic transfer of a payment directly from the payer's bank account to that of the party being paid.

Companies that sell stocks and bonds and may also offer a wide range of financial services to their customers.