| A | B |
|---|
| Electronic Funds Transfers | Enables banks to make transfers from account to account without a check |
| drawee | The bank on which a check is written |
| bank service charge | A fee charged by a bank for maintaining bank records |
| bank statement | An itemized record of all transactions in depositor's account over a given period of time |
| external controls | outside controls a business can use to protect its cash |
| voiding a check | the practice of marking a check that contains an error so it will not be used |
| stop payment | a demand by the depositor that the bank not honor a certain specific check |
| NSF check | A check returned by the bank because it did not have sufficient funds |
| drawer | The person signs a check is |
| outstanding deposits | deposites that have been made and recorded in the checkbook but do not appear on the bank statement |
| check | a written order to pay a statement amount of cash |
| reconciling the bank statement | process of determining any differences between the checkbook and the bank statement |
| canceled checks | checks that are paid by the bank |
| payee | person to whom a check is written |
| outstanding checks | checks written but not yet paid by the bank |
| restrictive endorsement | this limits how a check may be handled to protect the check from being cashed by anyone except the payee |
| endorsement | An authorization signature that is written on the back of the check |
