A | B |
checking account | A bank account from which payments can be ordered by a depositor |
endorsement | A signature or stamp on the back of a check transferring ownership |
blank endorsement | consists of only the endorser's signature |
special endorsement | an endorsement indicating a new owner of a check |
restrictive endorsement | endorsement restricting further transfer of a check's ownership |
postdated check | a check with a future date on it |
bank statement | report of deposits, withdrawals, and bank balances |
dishonored check | a check that a bank refuses to pay |
EFT | a computerized cash payment system that transfers funds without the use of checks |
debit card | a bank card that automatically deducts the dollar amount of the purchase from a checking account |
petty cash | an amount of cash kept on hand and used for making small payments |
petty cash slip | a form showing proof of a petty cash payment |