The person or organisation due to receive the money on a cheque - this is the person or organisation to whom a cheque is made out.

This contains a number of paying-in slips which include details to identify your bank account. You complete one each time you go to the bank to pay cash or cheques into your account.

Money which an individual invests to help support them after they have retired. A pension is basically a long term investment plan, where you save regular amounts or lump sums (called 'contributions') to build up a retirement fund.

Many companies offer their employees the chance to pay into a company pension scheme. This means that the employer as well as the employee pays towards an individual's retirement.

PIN stands for Personal Identification Number. This is the four-digit number that you enter into an ATM when you want to take out cash, and that you use when you pay with your chip and PIN card. Never give this number to anyone, or write it down.

The location at which a transaction takes place.