Chapter 23 Banking Services and Procedures

Terms	Definitions
disclaimer	A denial of responsibility; a denial of a legal claim.
drawee	A bank or facility on which a check is drawn or written.
drawer	The person who writes a check.
e-banking	Electronic banking via computer modem or over the Internet.
endorser	The person who signs his or her name on the back of a check for teh purpose of transferring title to another person.
holder	The person who presents a check for payment.
maker	Any individual, corporation,or legal party who signs a check or any type of negotiable instrument.
m-banking	Banking through the use of mobile devices, such as cell phones and wireless Internet services.
negotiable	Legally transferable to another party.
payee	The person named on a draft or check as the recipient of the amount shown.
payer	The person who writes a check in favor of the payee.
power of attorney	A legal statement in which a person authorizes another person to act as his or her attorney or agent. The authority may be limited to the handling of specific procedures. The person authorized to act as the agent is known as the attorney in fact.
principal	A capital sum of money due as a debt or used as a fund for which interest is either charged or paid.
reconciliation	...
Uniform Commercial Code (UCC)	...

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