| A | B |
|---|
| Automated Teller Machine (ATM) | Computer Terminal where account holders can conduct banking. |
| Bankcard | Used to withdraw cash & make payments for goods and services rather than writing checks. |
| Bank Service Charge | A fee charged by the bank for maintaining records and processing statement items. |
| Bank Statement | Itemized record of all transactions in a depositor's account over a given period. |
| Blank Endorsement | Includes only the signature or stamp of the depositor. It does not specify the new owner of the check. |
| Canceled Check | A check paid by the bank and deducted from the depositor's account. |
| Check | A written order from a depositor telling the bank to pay a stated amount of to the person or business named. |
| Check 21 | Allows the conversion of a paper check to an electronic image that can be quickly processed between banks. |
| Deposit Slip | A bank form used to list the cash and checks to be deposited. |
| Depositor | A person or business that has cash on deposit in a bank. |
| Drawee | The bank on which a check is written. |
| Drawer | The person who signs a check. |
| electronic funds transfer system (EFTS) | A system that allows banks to transfer funds among accounts quickly and accurately without the exchange of checks. |
| Endorsement | Authorized signature written or stamped on the back of a check that transfers ownership of the check. |
| External Controls | Measures and procedures provided outside the business to protect cash and other assets. |
| imaged check | A copy of a canceled check; it is sent with the bank statement in place of the original canceled check. |
| Internal Controls | Procedures within the business that are designed to protect cash and other assets and to keep reliable records. |
| NSF Check | A check returned to the depositor because the account does not contain sufficient funds to cover the amount. |
| Outstanding Check | A check that has been written but has not yet been presented to the bank for payment. |
| Outstanding Deposit | A deposit that has been made and recorded in the checkbook but does not yet appear on the bank statement. |
| payee | The person or business to whom a check is written or a note is payable. |
| Postdated Check | A check that has a future date instead of the actual date. |
| Reconciling the Bank Statement | The process of determining any differences between a bank statement balance and a checkbook balance. |
| Restrictive Endorsement | A check endorsement that transfers ownership to a specific owner and limits how the check may be handled. |
| Signature Card | A bank form containing the signature(s) of the person(s) authorized to write checks on a checking account. |
| Special Endorsement | A check endorsement that transfers ownership of the check to a specific individual or business. |
| Stop Payment Order | A demand by the drawer, usually in writing, that the bank not honor a specific check. |
| Voiding a check | Making a check unusable by writing a certain word across the check. |
