| A | B |
|---|
| Acceptor | A drawee who has written “accepted” on the document and signed his/her name |
| Bad check | Check issued against checking account with insufficient funds to cover it |
| Cashier’s check | A check the bank draws on itself |
| Certificate of Deposit | A written acknowledgment of the receipt of money and its promise to pay back the money, usually with interest on the due date |
| Certified Check | A personal check that has been accepted by a bank before payment |
| Check | Draft drawn on a bank and payable on demand |
| Demand note | Payable whenever the payee demands payment |
| Drawee | One ordered to pay the money |
| Drawer | Orders the money to be paid |
| Electronic Fund Transfer | Banking method in which computers and electronic technology are used as a substitute for checks and other paper forms of banking |
| Forged check | Check signed by someone else other than drawer and without authority |
| Installment note | Paid in a series of payments |
| Maker | Party agreeing in writing to pay money to another |
| Money order | Draft issued by a post office, bank, express company, or telegraph company for use in paying or transferring funds for the purchaser |
| Note | A written promise by one person to pay money to another person |
| Payee | One who is to receive the money |
| Sight draft | A draft payable as soon as it is presented to drawee for payment |
| Stale check | A check that is more than six months old |
| Teller’s check | Draft drawn by a bank on funds that it has on deposit at another bank |
| Time draft | Not payable until the lapse of a particular time period stated on the draft |
| Time note | Payable at a future date that is written on the face of the note |
| Trade acceptance | Used by a seller of goods to receive payment or to extend credit |
| Traveler’s checks | Draft drawn by a well-known financial institution on itself or its agent |
