Term
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Definition
| automatic teller machine that allows for depositing, withdrawal, and advance banking transactions |
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Term
| Auxillary petty cash record |
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Definition
| a supplementary record for summarizing petty cash information |
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Term
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Definition
| the process of reconciling the checkbook balance with the bank balance given on the bank statement |
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Term
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Definition
| A report sent by a bank to a customer indicating the previous balance, individual checks processed, individuals deposits received, service charges, and ending bank balance |
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Term
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Definition
| a check that has been processed by a bank and is no longer negotiable |
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Term
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Definition
| the account that records cash shortages and overages; if the ending balance is a debit, it is recorded on the income statement as a miscellaneous expense; if it is a credit, it is recorded as other income |
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Term
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Definition
| fund made up of various denominations that are used to make change for customers |
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Term
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Definition
| a form used to indicate a specific amount of money that is to be paid by the bank to a named person or company |
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Term
| Check truncation (safekeeping) |
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Definition
| procedure whereby checks are not returned to the drawer with the bank statement but are instead kept at the bank for a certain amount of time before being first transferred to microfilm and then destroyed |
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Term
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Definition
| increase in depositor's balance |
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Term
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Definition
| a card similar to a credit card except that the amount of a purchase is deducted directly from the customer's bank account |
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Term
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Definition
| decrease in depositor's balance |
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Term
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Definition
| A form provided by a bank for use in depositing money or checks into a checking account |
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Term
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Definition
| Deposits that were made by customers of a bank but did not reach, or were not processed by, the bank before the preparation of the bank statement |
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Term
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Definition
| bank that drawer has an account with |
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Term
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Definition
| person who writes a check |
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Term
| Electronic funds transfer (EFT) |
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Definition
| an electronic system that transfer funds without the useof paper checks |
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Term
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Definition
| could be further endorsed |
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Term
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Definition
| restricts further endorsement to only the person or company named |
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Term
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Definition
| restricts any further endorsement |
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Term
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Definition
| Procedures and methods to control a firm's assets as well as monitor its operations |
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Term
| NSF (nonsufficient funds) |
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Definition
| notation indicating that a check has been written on an account that lacks sufficiet funds to back it up |
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Term
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Definition
| checks written by a company or person that were not received or not processed by the bank before the preparation of the bank statement |
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Term
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Definition
| the person or company to whom the check is payable |
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Term
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Definition
| fund (source) that allows payment of small amounts without the writing of checks |
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Term
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Definition
| a petty cash form to be completed when money is taken out of petty cash |
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Term
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Definition
| fake e-mails that attempt to obtain information about online banking customers |
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Term
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Definition
| a form signed by a bank customer that the bank uses to verify signature authenticity on all checks |
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