| A | B |
|---|
| commercial bank | Banks offering a wide range of financial services. |
| credit union | user-owned, not-for-profit financial institution |
| mutual savings bank | savings bank owned & operated by depositors |
| non-depository institutions | examples: mortgage companies, pawnshops, life insurance companies |
| depository institutions | commercial banks, credit unions, mutual savings banks |
| EFT | use of computers & technology for banking activities |
| blank endorsement | only the endorser's name |
| special/full endorsement | endorsement to transfer payment to someone else |
| restrictive endorsement | limits the use of the check to the purpose on the endorsement |
| drawer | owner of the account who signs the check |
| drawee | bank or financial institution who pays the check |
| payee | person to whom the check is written |
| check register | book to keep track of debits and credits to your account |
| bank reconciliation | document showing two balances in agreement |
| outstanding check | a check that has been written, but not deducted from your account |
| cashier's check | a check the bank draws on itself |
| certified check | a personal check for which a bank has guaranteed payment |
