NALS CH.5_500801 Word Scramble
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Term | Definition |
Accounting Equation | equations used in law office to bill clients. |
Balance | the amount of money you have in an account. |
Bank Draft | a check issued by a bank on its funds in another bank. |
Blank Endorsement | Consisting of only the endorser's signature. |
Block Billing | refers to the practice of grouping all time spent on a project during the course of the day. |
Cashier's Check | a check drawn by a bank on its own funds. |
Certified Check | A check issued by a bank that reduces the drawers account by the amount of the check. |
Circular E- The Employer's Tax Guide | |
Credit | Borrowed money. |
Debit | Money taken from your account |
Drawee | The person to whom a check is written |
Drawer | The person by whom a check is written. |
Employer Identification Number | The number by which an employer registers you with the government or internal revenue service. |
Fair Labor Standards Act | federal law that regulates employees and employers. |
For Deposit Only | prevents a check. |
Matters | classification of what someone is getting billed for. |
Money Order | a form of payment. |
Payee | the person to whom an amount is owed or paid. |
Payroll Records | keeps a record of what you make. |
Payroll Register | a register of your employees and the amounts they make. |
Principal | the amount a borrower promises to pay that is written on a face of a note. |
Pro Bono | free of charge. |
Reconciliation | Reconciling your check book. |
Retainer | advanced payment to an attorney made to cover costs. |
Withholding Taxes | the amount money the government requires to be withheld from your paycheck. |
Written Down | info written down. |
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