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 Hands On Banking Young Adults: Teacher's Guide
year or less. Reconcile The process used to determine if the balance in your account register matches the balance reported by the bank on your account statement. Also called balancing your account. Refinance To repay a mortgage with a new loan that uses the same property as security. Regis...
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year or less. Reconcile The process used to determine if the balance in your account register matches the balance reported by the bank on your account statement. Also called balancing your account. Refinance To repay a mortgage with a new loan that uses the same property as security. Register A small notepad you receive when you open a bank account for the purpose of tracking your deposits, withdrawals, and current balance. Regular savings account (see Savings account) Reinvesting In a business
178 0 http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/YA_T_Guide.pdf#page=178 www.handsonbanking.org/nav_elements/teachers_guide_PDF/YA_T_Guide.pdf#pag...
year or less. Reconcile The process used to determine if the balance <span class="highlight">in</span> your account register matches the balance reported by the bank on your account statement. Also called balancing your account. Refinance To repay a mortgage with a new loan that uses the same property as security. Register A small notepad you receive when you open a bank account for the purpose <span class="highlight">of</span> tracking your deposits, withdrawals, and <span class="highlight">current</span> balance. Regular savings account (see Savings account) Reinvesting <span class="highlight">In</span> a business
 Hands On Banking Dictionary
without tax penalty if done within sixty days. Roth IRA A type of personal retirement account in which contributions are not tax-deductible, but earnings are tax-deferred and qualified withdrawals, including withdrawals at retirement, are tax-free. Routing number The nine-digi...
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without tax penalty if done within sixty days. Roth IRA A type of personal retirement account in which contributions are not tax-deductible, but earnings are tax-deferred and qualified withdrawals, including withdrawals at retirement, are tax-free. Routing number The nine-digit number on the bottom left hand corner of your checks, to the left of your account number. The routing number identifies the bank that issued the check. Every bank in the United States has at least one routing number. Rule of 72
13 0 http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/HOB_Dictionary.pdf#page=13 www.handsonbanking.org/nav_elements/teachers_guide_PDF/HOB_Dictionary.pdf...
without tax penalty if done within sixty days. Roth IRA A type <span class="highlight">of</span> personal retirement account <span class="highlight">in</span> which contributions are not tax-deductible, but earnings are tax-deferred and qualified withdrawals, including withdrawals at retirement, are tax-free. <span class="highlight">Routing</span> number The nine-digit number on the bottom left hand corner <span class="highlight">of</span> your checks, to the left <span class="highlight">of</span> your account number. The <span class="highlight">routing</span> number identifies the bank that issued the check. Every bank <span class="highlight">in</span> the United States has at least one <span class="highlight">routing</span> number. Rule <span class="highlight">of</span> 72
 Hands On Banking Adults: Teacher's Guide
account in which contributions are not tax-deductible, but earnings are tax- deferred and qualified withdrawals, including withdrawals at retirement, are tax-free. Routing number The nine-digit number on the bottom left hand corner of your checks, to the left of your acc...
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account in which contributions are not tax-deductible, but earnings are tax- deferred and qualified withdrawals, including withdrawals at retirement, are tax-free. Routing number The nine-digit number on the bottom left hand corner of your checks, to the left of your account number. The routing number identifies the bank that issued the check. Every bank in the United States has at least one routing number. Rule of 72 A way to estimate the time or interest rate you would need to double your money on an
163 0 http://www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#page=163 www.handsonbanking.org/nav_elements/teachers_guide_PDF/Adult_T_Guide.pdf#...
account <span class="highlight">in</span> which contributions are not tax-deductible, but earnings are tax- deferred and qualified withdrawals, including withdrawals at retirement, are tax-free. <span class="highlight">Routing</span> number The nine-digit number on the bottom left hand corner <span class="highlight">of</span> your checks, to the left <span class="highlight">of</span> your account number. The <span class="highlight">routing</span> number identifies the bank that issued the check. Every bank <span class="highlight">in</span> the United States has at least one <span class="highlight">routing</span> number. Rule <span class="highlight">of</span> 72 A way to estimate the time or interest rate you would need to double your money on an