Chapter 5 Terms

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Endorsement  A signature or stamp on the back of a check transferring ownership.  
Blank Endorsement  An endorsement consisting only of the endorser's signature.  
Special Endorsement  An endorsement indicating a new owner of a check.  
Restrictive Endorsement  An endorsement restricting further transfer of a check's ownership.  
Postdated Check  A check with a future date.  
Code of Conduct  A statement that guides the ethical behavior of a company and its employees.  
Bank Statement  A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.  
Dishonored Check  A check that a bank refuses to pay.  
Electronic Funds Transfer  A computerized cash payment system that transfers funds without the use of checks, currency, or other paper documents.  
Debit Card  A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.  
Petty Cash  An amount of cash kept on hand and used for making small payments.  
Petty Cash Slip  A form showing proof of a petty cash payment.  


   

 
 

 
 

 

 
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