Chap 9

Front 1

check

Back 1

is a written order to a bank to pay the stated amount to the person or business

Front 2

demand deposit

Back 2

is achecking account, because the money can be withdrawn at a time

Front 3

canceled check

Back 3

is a check that bears the bank's stamp, indicating that it has cleared

Front 4

canceled check

Back 4

is a check that bears the bank's stamp, indicating that it has cleared

Front 5

overdraft

Back 5

a check written for more money than your account contains

Front 6

floating a check

Back 6

you realize your account contains insuffcient funds, but you write a check anyway, hoping that a deposit will clear befor the check is cashed

Front 7

checkbook register

Back 7

is a booklet used to record checking account transactions

Front 8

reconciliation

Back 8

the process of matching your checkbook register with the bank statement

Front 9

blank endorsement

Back 9

is the signature of the payee written exactly as his or her name appears on the front of the check

Front 10

special endorsement

Back 10

is an endorsement that transfers the right to cash the ckeck to someone else

Front 11

restrictive

Back 11

restricts or limits the use of a check

Front 12

certified check

Back 12

is apersonal check that the bank guarantess or certifies to be good

Front 13

cashier's check

Back 13

is a check written by a bank on its own funds

Front 14

stop payment order

Back 14

is a request that the bank not cash a specific check