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Acctg I - Ch 6

Maplewood Rice Acctg Vocab Ch 6

A bank account from which payments can be ordered by a depositor. checking account
A signature or stamp on the back of a check transferring ownership. endorsement
An endorsement consisting only of the endorser's signature. blank endorsement
An endorsement restricting further ownership of a check. restrictive endorsement
A check with a future date on it. postdated check
A record of deposits, withdrawals, and balances sent by a bank to a depositor. bank statement
A check that a bank refuses to pay. dishonored check
A computerized system that uses electronic impulses to transfer funds. electronic funds transfer
A card that automatically deducts a purchase from a checking account. debit card
An amount of cash kept on hand and used to make small payments. petty cash
A form showing proof of a petty cash payment. petty cash slip
An endorsement indicating a new owner of the check. special endorsement
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