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Chapter 5 Vocabulary
| Term | Definition |
|---|---|
| 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 of only 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 that a bank refuses to pay |
| electronic funds transfer | 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 deducts the amount of the purchase from the checking account of the cardholder |
| petty cash | an amount of cash kept on hand and used for making small pay-ments |
| petty cash slip | a form showing proof of a petty cash payment |
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