Term
|
Definition
| - an account at a bank in which checks can be drawn by the account depositor |
|
|
Term
|
Definition
| A written order directing a bank to pay money |
|
|
Term
|
Definition
| the person who will use the check and get the money |
|
|
Term
|
Definition
|
|
Term
|
Definition
| a card the must be signed by an individual opening an account at a bank |
|
|
Term
|
Definition
| a deficit in the bank account do to overdrawing |
|
|
Term
|
Definition
| to choose to participate in overdrafting transaction |
|
|
Term
|
Definition
| to choose not to participate |
|
|
Term
|
Definition
| digital reproduction of check |
|
|
Term
|
Definition
| when a check cannot be processed because you have insufficient funds in the account |
|
|
Term
|
Definition
refers to a check that has been verified with the issuer's bank and is approved for payment
|
|
|
Term
|
Definition
| a check delivered now with a written date in the future, so that it cannot be cashed until that date |
|
|
Term
|
Definition
| check that is not to be used or forged |
|
|
Term
|
Definition
| check that has cleared the depositor's account and has been marked as "canceled" by the bank |
|
|
Term
|
Definition
| restoring friendly relations with a bank or business |
|
|
Term
|
Definition
| Checks which have been written, but have not yet cleared the bank on which they were drawn. In the bank reconciliation, outstanding checks are deducted from the balance per bank |
|
|
Term
|
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. Outstanding deposits are considered receivables on a company's balance sheet
|
|
|
Term
|
Definition
| an act of giving one's public approval or support to someone or something |
|
|
Term
|
Definition
| An additional charge for a service for which there is already a basic fee. Also called service fee. |
|
|
Term
|
Definition
| A record, usually sent to the account holder once per month, summarizing all transactions in an account during the time from the previous statement to the current statement |
|
|
Term
|
Definition
| An endorsement by a bank for a negotiable instrument, such as a banker's acceptance or time draft, that assures the counterparty that the bank will stand behind the obligations of the creator of the instrument |
|
|
Term
|
Definition
| an endorsement on negotiable paper that limits the transfer to a particular person |
|
|
Term
|
Definition
| an endorsement signed on the back of a check, note or bill of exchange which restricts to whom the paper may be transferred |
|
|
Term
electronic funds transfer
|
|
Definition
| s the electronic exchange, transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems |
|
|
Term
|
Definition
| A small fund of cash kept on hand for purchases or reimbursements too small to be worth submitting to the more rigorous purchase and reimbursement procedures of a company or institution |
|
|
Term
|
Definition
| A document used to record petty cash payments where an original receipt was not obtained (sometimes called a petty cash voucher) |
|
|
Term
|
Definition
| a flat, typically round piece of metal with an official stamp, used as money |
|
|
Term
|
Definition
| a system of money in general use in a particular country |
|
|
Term
|
Definition
| American Banking Association numbers- identifies the bank in which the account is located |
|
|
Term
|
Definition
| set by ABA that identifies the state in which the account is located; the first of the two longest sets of numbers on the check or deposit slip |
|
|
Term
|
Definition
| the second of the two longest sets of numbers on check or deposit slip |
|
|
Term
|
Definition
| Where checks are recorded |
|
|
Term
|
Definition
| paying with check hoping to put money in account by the time it is past |
|
|
