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Chapter 5

TermDefinition
code of conduct statement guiding the ethical behaviors of a company and its employees
checking account bank account which payments can be ordered by a depositor
endorsement signature or stamp on the back of a check that transfers ownership of the check
blank endorsement endorsement consisting only of the owner's signature; indicates that the subsequent owner is whoever has the check
special endorsement endorsement indicating a new owner of the check (also--endorsement in full); includes words as "pay to the order of" and the name of the new check owner
restrictive endorsement endorsement restricting further transfer of check; limits use of check to whatever the endorsement was specified
postdated check check with a future date
bank statement report of deposits, withdrawals, and bank balances sent to the depositor by a bank
dishonored check check that a bank refuses to pay
electronic funds transfer (EFT) computerized cash payments system--transfers funds with no need for checks, currency, or other paper documents
debit card bank card; automatically deducts the amount of a purchase from the cardholder's checking account
petty cash amount of cash on hand used for small payments
petty cash slip form proving a petty cash payment
Created by: Tate.cord70