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Banking Vocabulary
Term | Definition |
---|---|
withdraw | to take money from an account |
endorse | to sign the back of a check |
deposit | to put money in to an account |
insufficient funds | you have written a check for a certain amount, but there is not enough money to cover that check |
check register | the document that contains all transactions on a checking account |
overdraft protection | a bank covers a check for a customer when there was not enough money there to cover the check |
cleared | describes a check that has been paid by the bank from a customer’s account |