| A | B |
|---|
| a request to the bank NOT to cash a check | 1. stop payment order |
| the process of matching your checkbook register with the bank statement | 2. reconciliation |
| provide immediate deductions from your checking account when you make a purchase | 3. debit (card) |
| limits the negotiability of a check, example “For Deposit Only”. | 4. restrictive endorsement |
| a check that has been processed by the bank and has been subtracted from the depositor’s account. | 5. cancelled check |
| a listing of checks and deposits processed by the bank, as well as charges and credits posted to the account – it may be mailed in paper format or sent electronically | 6. statement/bank statement |
| paper money, in the form of dollar bills | 7. currency |
| the person authorized to write checks on an account | 8. maker (aka drawer |
| the person/organization to whom a check is made | 9. payee |
| : occurs when a depositor writes a check on an account that has insuffient funds to cover the check. | 10. overdraft |
| an account on which the depositor can demand money at any time | 11. demand deposit account |
| banks, credit unions, and savings and loans associations. | 12. financial insitutions |
| is ALL the taxable income received, including wages, tips or salaries, interest, dividends, unemployment compensation, alimony etc | gross income |
| Replaces physical checks (paper) with “substitute checks” – which are made from an image of the original check | 14. Check 21 Conversion |
| legislation that says banks will not automatically pay ATM/onetime, non-recurring, debit card transactions if there are not enough funds – you must “opt in” for overdraft protection | 15. Regulation E |
| overdraft protection | 16. ODP |
| not sufficient funds, currently typical charge for overdrafting an account is $35.00 per item | 17. NSF |
