9.1
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Created by:
cgreen0129 on September 23, 2011
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10 terms
Terms | Definitions |
|---|---|
 Check | A written order t a bank to pay the amount stated to the person or business named on it. |
| Demand Deposit | The technical name for a checking account; the money in a demand deposit can be withdrawn anytime on demand from the depositor |
| Cancelled Check | Is a check that has cleared your account.It can be used as proof of payment if a dispute arises. |
| Overdraft | A check written for more money than your account contains |
| Floating Check | realizing your account contains insufficient funds, but writing the check anyway, hoping that a deposit will clear before the check is cashed. |
| Checkbook Register | a booklet used to record checking account transactions |
| Bank Reconciliation | Is a report that accounts for the differences between the bank statement and your checkbook balance |
| Blank Endorsement | an endorsement consisting only of the endorser's signature |
| Special Endorsement | An endorsement indicating a new owner of a check; also known as an endorsement in full |
| Restricitive Endorsement | Limits the use of a check for "Deposit Only" |
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