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Endorsement

Chapter 6

QuestionAnswer
Cheking Account A bank account from which payments can be ordered by a depositor.
Endorsement A signature or stamp on the back of the 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.
Bank endoresement 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 payments system that uses eletronic impulses to transfer funds.
Debit card A bank card that, when making purchases,automatically deducts the amount of the purchase from a checking account of the card holder.
Petty cash An amount of cash kept on hand and used for making small payments.
Petty cash slip A form showing proof of a pretty cash payment.
Postdated check A check with a future date on.
Created by: liisbeth