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Chapter 5

QuestionAnswer
Code of conduct statement that guides the ethical behavior of a company and its employees, consultants, and the public.
checking account a bank account from which payments can be ordered by a depositor
endorsement signature or stamp on the back of a check transferring ownership
blank endorsement endorsement consisting only of the endorser's signature
special endorsement endorsement indicating a new owner of a check
restrictive endorsement endorsement restricting further transfer of a check's ownership
postdated check A check with a future date
bank statement reports 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 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 a purchase from the checking account of the cardholder
petty cash an amount of cash kept on hand and used from making small payments
petty cash slip a form showing proof of a petty cash payments
Created by: 15zaw