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Chapter 6 - Cash Control Systems

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Petty Cash   An amount of cash kept on hand and used for making small payments  
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Debit Card   a bank card that automatically deducts the amount of the purchase from the card holder's checking account  
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Checking Account   a bank account from which payments can be ordered by a depositor  
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Dishonored Check   a check the bank refuses to pay  
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Petty Cash Slip   a form showing proof of a petty cash payment  
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EFT   Electronic Funds Transfer  
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Restrictive Endorsement   an endorsement that restricts further transfer of a check  
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Special Endorsement   an endorsement that indicates a new owner  
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Blank Endorsement   includes endorser's signature only  
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Endorsement   a signature or stamp on the back of a check transferring ownership  
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Created by: hart
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