Term
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Definition
| A drawee who has written “accepted” on the document and signed his/her name |
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Term
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Definition
| Check issued against checking account with insufficient funds to cover it |
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Term
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Definition
| A check the bank draws on itself |
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Term
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Definition
| A written acknowledgment of the receipt of money and its promise to pay back the money, usually with interest on the due date |
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Term
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Definition
| A personal check that has been accepted by a bank before payment |
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Term
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Definition
| Draft drawn on a bank and payable on demand |
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Term
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Definition
| Payable whenever the payee demands payment |
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Term
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Definition
| One ordered to pay the money |
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Term
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Definition
| Orders the money to be paid |
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Term
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Definition
| Banking method in which computers and electronic technology are used as a substitute for checks and other paper forms of banking |
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Term
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Definition
| Check signed by someone else other than drawer and without authority |
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Term
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Definition
| Paid in a series of payments |
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Term
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Definition
| Party agreeing in writing to pay money to another |
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Term
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Definition
| Draft issued by a post office, bank, express company, or telegraph company for use in paying or transferring funds for the purchaser |
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Term
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Definition
| A written promise by one person to pay money to another person |
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Term
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Definition
| One who is to receive the money |
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Term
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Definition
| A draft payable as soon as it is presented to drawee for payment |
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Term
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Definition
| A check that is more than six months old |
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Term
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Definition
| Draft drawn by a bank on funds that it has on deposit at another bank |
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Term
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Definition
| Not payable until the lapse of a particular time period stated on the draft |
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Term
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Definition
| Payable at a future date that is written on the face of the note |
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Term
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Definition
| Used by a seller of goods to receive payment or to extend credit |
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Term
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Definition
| Draft drawn by a well-known financial institution on itself or its agent |
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