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Definition
| An account at a bank against which checks can be drawn by the account depositor. |
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| A book of blank checks with a register for recording checks written. |
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Definition
| A written order directing a bank to pay money as instructed. |
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Definition
| The person that a check is made out to. |
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Definition
| The person that wrote the check. |
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| Checking Account Register |
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Definition
| An informal record of all deposits to and withdrawals from a given checking account. A checkbook register is used to preform bank reconciliation. |
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Definition
| A card that must be signed by an individual who is opening an account at a bank or other similar institution. This card is kept on file, and it is used by the bank to confirm the identify of the person when they return. |
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Definition
| A deficit in a bank account caused by drawing more money than the account holds. |
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Definition
| Choosing to go along with something or agreeing to do something. |
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Definition
| Choosing not to do something. |
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Term
| Check 21/Substitute Check |
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Definition
| A substitute check, also called an Image Cash Letter, Clearing Replacement Document, or Image Replacement Document, is a negotiable instrument used in electronic banking systems to represent a physical paper check. |
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Definition
| A check that cannot be processed because the writer has insufficient funds. |
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Definition
| The practice of writing a check on insufficient funds and hoping to make a deposit to cover the check before it is cashed. |
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Definition
| Movement of a check from the bank in which it was deposited to the bank on which it was drawn, and the movement of its face amount in the opposite direction. |
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Definition
| Checks which have been written by the drawer for a date in the future. |
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Term
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Definition
| Voiding a check disables the check so that it can not be used like a blank check. |
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Definition
| A check that has cleared the depositor's account and has been marked as "canceled" by the bank. |
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Definition
| To make one account consistent with another. |
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Definition
| The amount of cash received by a company that is recorded on the company's general ledger even though the deposit may not yet appear as a credit in the company's bank account. |
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| Outstanding Check/Withdrawals |
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Definition
| Checks written but not yet processed by the bank before bank statement preparation. |
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Term
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Definition
| A clause in an insurance policy detailing an exemption from or change in coverage. |
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Term
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Definition
| An extra charge assessed for a service. |
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Term
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Definition
| A printed record of the balance in a bank account and the amounts that have been paid into it and withdrawn from it, issued periodically to the holder of the account. |
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Definition
| An endorsement on commercial paper naming no payee and so payable to the bearer. |
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Term
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Definition
| Written language appended to an insurance policy that changes the coverage in regards to special circumstances. |
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Term
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Definition
| An endorsement signature on the back of a check that specifies the conditions under which the check can be transferred or paid out. |
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| Electronics Funds Transfer |
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Definition
| The transfer of money from one location or account to another by computerized means. |
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Definition
| An accessible store of money kept by an organization for expenditure on small items. |
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Definition
| A document used to record petty cash payments where an original receipt was not obtained. |
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Definition
| A flat, typically round piece of metal with an official stamp, used as money. |
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Term
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Definition
| A system of money in general use in a particular country. |
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Term
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Definition
| American Banking Association numbers-identifies the state in which the account is located; the first of the two longest sets of numbers on a check or deposit. |
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Term
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Definition
| Set by the American Banking Association- identifies the state in which the account is located; the first of the two longest sets of numbers on a check or deposit ticket. |
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Term
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Definition
| The second of the two longest sets of numbers on a check or deposit ticket. |
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