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Ch. 5.1 Vocab

Vocab

TermDefinition
Postdated check The date should be the month, day, and year on which the check is issued. A check with a future date on it.
Restrictive endorsement An endorsement restricting further transfer of a check’s ownership.
Special endorsement An endorsement indicating a new owner of a check.
Blank endorsement An endorsement consisting only of the endorser’s signature.
Endorsement A signature or stamp on the back of a check transferring ownership.
Deposit slip A bank form which lists the checks, currency, and coins an account holder is adding to the bank account.
Checking account A bank account from which payments can be ordered by a depositor.
Voided check A check that cannot be processed because the maker has made it invalid.
Created by: 600018423
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