 | Term | Definition |
| |
restrictive endorsement |
limits the use of the check to the purpose given in the endorsement |
| |
check stub |
a record attached to each check |
| |
Check register |
separate form for recording deposits and checks |
| |
Drawer |
the owner of the account and the person who signs the check |
| |
Payee |
the person to whom the check is written |
| |
Drawee |
the bank or other financial institution that pays the check |
| |
Forgery |
writing another person's signature on a check without his or her authority |
| |
Overdrawing |
writing a check for more than you have in your account |
| |
Postdated check |
one that is dated later than the date on which it is written |
| |
Stop payment order |
a written notice from the drawer telling the bank not to pay a certain check |
| |
cerified check |
a personal check for which a bank has guaranteed payment |
| |
cashier's check |
a check that a bank draws on its own in-house funds |
| |
traveler's checks |
special forms designed for the traveler to use in making payments |
| |
money order |
a form of payment that orders the issuing agency to pay the amount printed on the form to another party |
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