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Acct (SW) Chapter 5

Acct Chapter 5

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 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 on it
bank statement a report of deposits, withdrawals, and bank balances sent to a depositor by a bank
dishonored check a check the bank refuses to pay
electronic funds transfer (EFT) a computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
debit card a bank card that automatically dedcuts 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: baggettc01