A check that a bank refuses to pay.

Non-sufficient funds check

A check dishonored by the bank because of insufficient funds in the account of the maker of the check.

Electronic funds transfer

A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.

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Ch. 5.3 Vocab

Vocab

Term	Definition
Dishonored check	A check that a bank refuses to pay.
Non-sufficient funds check	A check dishonored by the bank because of insufficient funds in the account of the maker of the check.
Electronic funds transfer	A 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.