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11 Cards in this Set
- Front
- Back
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Drawer |
The owner of the account and the person who signs the check
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Payee
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The person to whom the check is written
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Drawee |
The bank or other financial institution that pays the check
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Stop Payment Order
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A written notice from the drawer telling the bank not to pay a certain check number
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Certified Check
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A personal check for which a bank has guaranteed payment
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Cashier's Check
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A check that a bank draws on it's own in-house funds ( a guaranteed check)
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Traveler's Check
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A special form designed for the traveler to use in making payments
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Money Order |
A form of payment that orders the issuing agency to pay the amount printed on the form to another party ( can be purchased by anyone, you do not have to have an account anywhere)
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Overdrawing
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Writing a check for more money than is in one's account
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Postdated Check
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A check dated later than the date on which it is written
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Forgery
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The crime of writing another person's signature on a check without his or her authority
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