Examlex
When a driver enters a crowded highway he increases the travel times of all other drivers on the highway. This is an example of a negative externality.
Bank Statement
A monthly or quarterly document provided by a bank summarizing the transactions, including deposits and withdrawals, that occurred in a specific account.
Service Charge
A fee collected to pay for services related to the primary product or service being purchased.
Interest
The cost of borrowing money or the payment received for lending money, usually expressed as a percentage over a period of time.
Check Register
A record maintained by account holders to track checks written, deposits made, and the current balance of a checking account.
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