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Acct. 6 Vocab.
Vocabulary
| Question | Answer |
|---|---|
| checking account | a bank account from which payments can be ordered by a depositor |
| endorsement | a signature or stamp on the back of a check transferring ownership |
| blank endorsement | an endorsement consisting only of the endorser's signature |
| special endorsement | an endorsement indicating a new owner of a check |
| restrictive endorsement | an endorsement restricting further transfer of a check's ownership |
| postdated check | a check with a future date on it |
| bank statement | a report of deposits, withdrawals, and bank balances sent to a depositor by a bank |
| dishonored check | a check that a bank refuses to pay |
| electronic funds transfer | a computerized cash payments system that uses electronic impulses to transfer funds |
| debit card | a bank card that, when making purchases, automatically deducts the amount of the purchase from the checking account of the cardholder |
| petty cash | an amount of cash kept on hand for making small payments |
| petty cash slip | a form showing proof of a petty cash payment |
Created by:
otakugirl29
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