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Details Title: Cash Control Systems Description: Acct. Total Flash Cards: 12 Created: 10/27/2006 08:31:15	To study from this set of flash cards, or to create your own your own study flash cards, register HERE. If you are already a registered user, CLICK HERE.
Cards Term checking account Definition a bank account from which payments can be ordered by a depositor. Term endorsement Definition a signature or stamp on the back of a check tranferring ownership. Term blank endorsement Definition an endorsement consisting only of the endorser's signature. Term special endorsement Definition an endorsement indicating a new owner aof a check. Term restrictive endorsement Definition an endorsement restricting further transfer of a check's ownership. Term postdated check Definition a check with a future date on it. Term bank statement Definition a report of deposits, withdrawals, and bank balances sent to a depositor by a bank. Term dishonored check Definition a check that a bank refuses to pay. Term electronic funds transfer Definition a computerized cash payments system that uses electronic impulses to transfer funds. Term debit card Definition a bank card that, when making purchases, automatically deducts the amount of the purchase from the checking account of the cardholder Term petty cash Definition an amount of cash kept on hand and used for making small payments. Term petty cash slip Definition a form showing proof of a petty cash payment.