| A | B |
|---|
| check | a written order to a bank to pay the stated amount to the person or business named on it |
| demand deposit | an account that lets you demand portions of your deposited funds at will |
| cancelled check | a check that the bank has processed |
| checking account | an accoutn that allows depositers to wite checks to make payments |
| special endorsement | an endorsement that transfers the right to cash the check to someone else |
| certified check | a personal check that the bank guarantees or certifies to be good |
| reconciliation | the process of matching your checkbook register with the bank statement |
| floating a check | when you wite a check while knowing you have insufficient funds, hoping that a deposit will clear before the check is cashed |
| share accounts | checking accounts with low (or no) average daily balance requirements and no service fees |
| Truth in Savings Act | An act that states checking advertised as "free" must carry no hidden charges or conditions |
| joint account | a checking account that is opened by two or more people |
| checkbook register | a booklet used to record checking account transactions |
| overdraft | a check written for more money that your account contains in it |
| restrictive endorsement | endorsement that restricts or limits the use of a check |
| survivorship account | another name for a joint account |
| cashier's check | a check written by a bank on its own funds |
| stop payment order | a request that the bank not cash a specific check |
| trustee | a person or an institution that manages property for the benefit of someone else under a special agreement |
| bank draft | also called a cashier's check |
| blank endorsement | the signature ofthe payee written exactly as his or her name appears on the front of the check |
