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Review-Introduction to Business-1st period-Chapter 29-Key Words

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AB
signature cardUsed by the bank to verify your identity.
bank reconciliationThe process of seeing whether your records agree with the bank's records for your account
outstanding checkschecks that have been written but haven't yet reached the bank
demand depositsEach check a customer writes and signs is an order to the bank to release the specified amount.
endorsementThis is necessary for cashing a check
check registerThe section of your checkbook where you keep track of all your transactions.
overdraft protectionA prearranged line of credit for overdrawn checks.
interest-bearing accountEarns interest on the balance left in the account.
overdrawingWhen you write a check for more money than there is in your checking account.
stop paymentOrders the bank not to cash a particular check.
debit cardIs like using a crecit card but money is deducted directly from a checking account rather than a credit account.
bank statementA bank's record of all the transactions in a checking account.
canceled checksChecks that are written that have been cashed.


Educator-Information Technology
Hastings Ninth Grade Center
Houston, TX

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