The amount borrowed
principal
The person or business to whom a check is made
payee
Negotiable order of withdrawal
NOW account
Service charge and interest
finance charge
Maximum chargeable amount using a credit card
credit line
Loan without collateral
signature loan
Check written but not cashed
outstanding check
Money in an account
balance
Withdrawal of more money from the bank than is an account
overdraft
Promise to repay a loan with interest by a specific date
promissory note
Person with money in the bank
depositor
Fee charged for the use of money
interest
Checking record beside the check
check stub
Checking record separate from the check
checkbook register
Replaced if lost or stole
travelers check
Cashed check
canceled check
In the constant ratio formula, what is r?
annual interest rate
In the constant ratio formula, what is M?
the number of payment periods per year
In the constant ratio formula, what is i?
the amount of interest
In the constant ratio formula, what is B?
the amount of the loan
In the constant ratio formula, what is n?
the total number of payments
In the simple interest formula, what is p?
principal
In the simple interest formula, what is r?
rate of interest
In the simple interest formula, what is t?
time
