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Assets
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Property and possessions that are regarded as having value
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ATM Card
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A card that allows the owner to withdraw money from a bank account through an Automated Teller Machine
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Authorization
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Process of "approving" a transaction or confirming that a debit card is in good standing and funds are available before the sale is finalized
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Capital
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In relation to a mortgage, this is the amount of money you borrow
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CDARS
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Certificate of Deposit Account Registry Service, a service to further insure your deposited funds
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Debit Card
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A card that allows the owner to withdraw money, like an ATM card or make purchases from retail stores by withdrawing money from the owner's account
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Disclosure
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A description of regulations outlining the details of the type of account or service the customer holds
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Electronic Check
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An electronic check that takes money directly from a user's checking account
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Equity
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The difference between the value of an asset and the total amount of borrowings secured against it
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Mortgage
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A loan secured against a property
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Mortgage Deed
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The legal document by which the lender (the bank) secures the loan against the borrower's property
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Point of Sale
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A debit card purchase made at a retail store
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Title
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The legal right to ownership of a property
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Variable Interest Rate
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An interest rate that can fluctuate in accordance with the terms of your account or loan
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