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Unit 3 - Banking 3A - Financial Management

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bank statement
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Terms in this set (23)
bank statement
A record, usually sent to the account holder once per month, summarizing all the transactions in an account during the time from the previous statement to the current statement. The opening balance from the prior month combined with the net of all transactions during the period should result in the closing balance for the current statement.
Image: bank statement
bounced check
a check written for an amount more than in your account
Image: bounced check
cahier's check
A guaranteed check from the bank drawn from the bank's own funds and signed by the cashier.
Image: cahier's check
Certified Check
A personal check with a bank's guarantee of payment
Image: Certified Check
Check Cashing centers
Places that will take your check and turn it into cash
Image: Check Cashing centers

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