Chapter 6 - Cash Control Systems
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| Petty Cash |
An amount of cash kept on hand and used for making small payments |
| Debit Card |
a bank card that automatically deducts the amount of the purchase from the card holder's checking account |
| Checking Account |
a bank account from which payments can be ordered by a depositor |
| Dishonored Check |
a check the bank refuses to pay |
| Petty Cash Slip |
a form showing proof of a petty cash payment |
| EFT |
Electronic Funds Transfer |
| Restrictive Endorsement |
an endorsement that restricts further transfer of a check |
| Special Endorsement |
an endorsement that indicates a new owner |
| Blank Endorsement |
includes endorser's signature only |
| Endorsement |
a signature or stamp on the back of a check transferring ownership |
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