| A | B |
|---|
| automated teller machine | Computer terminal where account holders can conduct various banking activities |
| bankcard | A bank-issued card honored by many business that can be used to withdrawal cash and to make payments for goods and services at many business instead of writing checks; also called a debit card, ATM card, or check card |
| bank service charge | A fee the bankcharges for maintaining bank records and processing bank statement items for the depositor |
| bank statement | An itemized record of all the transactions in a depositor's account over a given period, usually a month |
| blank endorsement | A check endorsement that 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, deducted from the depositor's account, and returned with the bank statement to the account holder |
| check | A written order from a depositor telling the bank to pay a stated amount of cash to the person or business named on the check |
| check 21 | The check clearing for the 21st century Act; it allows the conversion of a paper check to an electronic image that can be quickly processed between banks |
| checking account | An account that allows a person or business to deposit cash in a bank and then write checks and make ATM withdrawals and purchases against the account balance. |
| 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 bank |
| electronic funds transfer system | A system that allows banks to transfer funds among accounts quickly and accurately without the exchange of checks |
| endorsement | An 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 by the bank because the drawer's checking account does not have sufficient funds to cover the amount; also called dishonor check |
| outstanding checks | A check that has been written but has not yet been presented to the bank for payment |
| outstanding deposits | 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; it should not be deposited until the date on the check |
| 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 individiual or business |
| voiding a check | Making a check unusable by writing the word void in ink across the front of the check |
| stop payment order | A demand by the drawer, usually in writing, that the bank not honor a specific check |
