| A | B |
|---|
| NSF "non sufficient funds" | Inadequate funds in an account to draw money from. (It's bounced/bad check). |
| blank check endorsement | A check that is signed but no designated payee. |
| restrictive check endorsement | Limits the use of a check. It includes not only the signature of the endorser but the words “For Deposit Only” and the bank account number or financial institution in which it is to be deposited. This prevents anyone else from cashing or depositing the check into an incorrect account or institution. |
| liquidity | Ability to convert assets to cash quickly and meet short-term obligations. |
| non-liquidity | cannot be readily converted to cash without a significant loss in value. |
| Time Value of Money (TVM) | the concept that money available today is worth more than the same amount tomorrow. |
| Pre-paid cards | Money is uploaded onto a card with transactions then being withdrawn to reduce the balance. |
| Personal check | A hand-written document used to pay for purchases using funds in a personal checking account. |
| Routing number | equence of nine numeric characters used by banks to identify specific financial institutions within the United States. |
| Check register | A personal record book used to keep track of all transactions. |
| Stop payment | an instruction to the bank not to honor a check that has been issued or lost. |
| reconciling | The process of comparing the account statement to your check register to make sure they match. |
| certified check | a personal check that the bank guarantees or certifies to be good. |
| collaterized loan | A loan that is back with property or another asset used as a guarantee of payment. (secured loan). |
| money order | A printed order for payment of a specified sum. |
| cashier's check | A check bought from a bank with payment guaranteed by the bank. |
| uncollaterized loan | A loan issued without collateral. (unsecured loan) |
| deposit slip | A slip of paper kept by the bank to show how much money you put into your account. |
