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Unit 3: Cash Control and Banking Procedures
Automated Teller Machine(ATM)
Electronic machine from which cash deposits and withdrawals can be made.
Bringing into agreement a blank statement with a party's cash account records.
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.
An endorsement that consists only of the endorser's signature on the back of a check.
A bank account from which payments can be ordered by a depositor.
A bank card that autimatically deducts the amount of the purchase form the checking account of the cardholder.
A form prepared for the placement of cash into a checking account.
A check that a bank refuses to pay.
Electronic Funds Transfer(EFT)
The use of a computer and telecommunications network to transfer funds from one party to another.
A system established by a business that keeps a small amount of cash on hand for making small payments.
An endorsement found on the back of a check restricting further transfer of a check's ownership.
An endorsement indicating a new owner of a check