You are on page 1of 1

Definition of terms: 1.

) Simulation Theory: The term simulation can have various meanings depending on its application, in business, it generally refers to using a computer to perform experiments on a model of a real system. 2.) ATM/ Automated Teller machine: is a computerised telecommunications device that provides the clients of a financial institutionwith access to financial transactions in a public space without the need for a cashier, human clerk or bank teller. 3.) Cash card - a credit card that entitles the holder to receive cash 4.) Chequebook - a book issued to holders of checking accounts. 5.) System operator: is one who runs the day-to-day operation of a server and the term suggests a person who is available when the system is. 6.) Control system is a device, or set of devices to manage, command, direct or regulate the behavior of other devices or system. 7.) Database: is an organized collection of data for one or more purposes, usually in digital form.

You might also like