Financial Alg Exam

Question or Hint Answer or Word
  1. insufficient funds a situation in which a check is not processed because there is not enough money in the account to pay it
  2. minimum payment the lowest amount that an individual is required to pay on credit card debt
  3. withdrawal an amount removed from a bank account
  4. direct deposit an amount that is transferred electronically from an employer to an employee's bank account
  5. finance charge the interest charged on the money owed to a credit card company
  6. credit score a number that represents a measure of a person's credit risk

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