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chapter 5 terms

QuestionAnswer
code of conduct a statement that guides the ethical behavior of a company and its employees
checking account a bank account from which payments can be ordered by a depositor
endorsement a signature stamp on the back of a check transferring ownership
blank endorsement an endorsement consisting only of a signature
special endorsement an endorsement indicating a new owner or a check
restrictive endorsement an endorsement restricting further transfer of a checks ownership
postdated check a check with a future date on it
blank statement a report of deposits, withdrawls, 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
Created by: kimmmybabbby