| A | B |
|---|
| Forgery | The crime of writing another person’s signature on a check without his or her authority |
| Interest | An amount paid for the use of money |
| Investments | Savings that are put to work to earn more money |
| Joint account | A bank account that is used by two or more people |
| Money market rate | The current cost of money in the marketplace |
| Money order | A form of payment that orders the issuing agency to pay the amount printed on the form to another party |
| Mutual savings bank | A bank owned by depositors that mainly handles savings accounts and makes loans to home buyers |
| Outstanding checks | Checks that have not be deducted from the bank statement balance |
| Overdrawing | Writing a check for more money than is in one’s account |
| Payee | The person to whom the check is writte |
| Postdated check | A check dated later than the date on which it is written |
| Restrictive endorsement | An endorsement that limits the use of a check to the purpose given in the endorsement |
| Safe-deposit boxes | A secured area in a bank vault for storing valuables |
| Savings and loan association (S & L) | A financial institution that specializes in savings accounts and loans for mortgages |
| Service charge | A fee a bank charges for handling a checking account |
| Sharedrafts | Withdrawals made on a member’s shares of ownership (deposits) in a credit union |
| Signature card | A card, kept by a bank, that shows the signatures of all individuals authorized to draw checks against the account |
| Special endorsement | An endorsement including the name of the person to whom the check has been transferred |
| Stop-payment order | The form instructing a bank not to pay a certain check |
| Traveler’s check | A form designed for the traveler to use in making payments |
| Trust companies | Financial institutions that specialize in managing the money and property of others |
