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Chapter 6 v

chapter 6 vocabulary

QuestionAnswer
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.
Special endorsement an endorsement indicating a new owner of a check.
Restrictive endorsment an endorsement restricting further trasnfer of a check's ownership.
Blank endorsement an endorsement cinsisting only of the endorser's signature.
Postdated check a check with a future date on it.
Bnak statement a report of deposits,withdrawls,and bank balances sent to a depositor by a bank.
Dishonored check a check that a bank refuses to pay.
Electronic funds trasnfer(EFT) A computerized cash payments system that usesd electronic impulses to trasnfer funds.
Debit card a bank card card that,when making purchases, automatically deducts the amount of the card-holder.
Petty cash an amount of cash kept on hand and used for making small payments
Petty cash slip A form of showing proof of a petty cash payment.
Created by: patsyherrera