Term
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Definition
| Account in which checks can be drawn |
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Term
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Definition
book of blank checks with register
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Term
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Definition
| a document ordering the payment of money |
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Definition
| person to whom money is paid or is to be paid |
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Term
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Definition
| person making or writing check |
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Term
| Checking Account Register |
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Definition
| Sheet where all transactions are recorded |
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Definition
| signature on file at bank for verification purposes |
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Term
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Definition
| taking out more than you have |
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Definition
| allows debit card to go over what is in account |
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Definition
| denies debit card to go over what is in account |
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Term
| Check 21 / Substitute Check |
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Definition
| chcek that can act as a debit card |
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Term
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Definition
| when there is no money in the checking account to take from |
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Definition
| writing a check with insufficient funds in your account in hopes of making a deposit before the check is cashed |
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Definition
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Definition
| writing a check with a future date |
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Definition
| incorrect check labeled void across the front |
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Definition
| a successful check, same as a cleared check |
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Definition
| making sure your personal records match with the banks records |
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Definition
| deposit not on the bank statement |
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Term
| Outstanding Check / Withdrawls |
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Definition
| check/withdrawls not yet on bank statement |
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Term
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Definition
| signature on back of check along with directions for what should be done with it (blank, special, restrictive) |
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Term
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Definition
| fee charged by a bank for any kind of service |
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Term
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Definition
| record of balance in a bank statement |
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Definition
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Definition
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Term
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Definition
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Term
| Electronic Funds Transfer (EFT) |
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Definition
| transferring money between accounts electronically |
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Definition
| amount of cash kept on hand for small payments (business' only) |
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Term
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Definition
| shows proof of purchases in petty cash account |
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Definition
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Definition
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Term
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Definition
| American banking association numbers identifies the bank in which the account is located |
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Term
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Definition
| set by the american banking association, identifies the state in which the account is located; the first of the two longest sets of numbers on a check or deposit ticket |
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Term
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Definition
| the second of the two longest set of numbers on a check or deposit ticket |
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