Term
Enables banks to make transfers quickly and accurately from one account to another. |
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Definition
electronic funds transfer |
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Term
| Itemized record of all the transactions occurring in a depositor's account over a given period. |
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Term
| The outside controls businesses use to protect cash. |
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Term
| The practice of marking a check that contains an error. |
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Definition
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Term
| Fee charged by the bank for maintaining bank records and for processing bank statements items for the depositor. |
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Definition
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Term
| The bank on which a check is written. |
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Definition
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Term
| A check returned by the bank because there are not sufficient funds in the drawer's checking account to cover the amount of the check. |
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Term
| Person who signs a check. |
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Definition
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Term
| Checks that are paid by the bank, deducted from the depositor's account, and returned with the bank statement. |
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Definition
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Term
| An authorized signature that is written or stamped on the back of a check. |
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Definition
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Term
| Steps that a business takes to protect its cash and other assets. |
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Definition
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Term
| Contains the signature of the person(s) authoried to write checks on a bank account. |
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Definition
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Term
| Demand by the depositor that the bank not honor a certain specific check. |
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Definition
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Term
| This type of account allows a business to deposit cash in a bank and write checks against the account balance. |
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Definition
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Term
| Process of determining any differences between the balance shown on the bank statement and the checkbook balance. |
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Definition
| reconciling the bank statement |
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Term
| Written order from a depositor telling the bank to pay a stated amount of cash to the person or business named on the order. |
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Definition
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Term
Deposits that have been made and recorded in the checkbook but that do not appear on the bank statement.
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Definition
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Term
| A person or business that has cash on deposit at a bank. |
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Definition
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Term
| Endorsement that limits how a check may be handled to protect the check from being cashed by anyone except the payee. |
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Definition
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Term
| Person or business to whom a check is written. |
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Definition
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