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10 Cards in this Set
- Front
- Back
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Check
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A written order to a bank to pay the stated amount to the person or business(payee)payed on uit.
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Demand deposite
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An account that lets you withdraw portions of your deposited funds at any time.
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Canceled check
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A check that bears the bank's stamp,indicated that is has cleared.
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Overdraft
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A check written for more money han your account contains.
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Floating a check
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When you realize your account contains insufficient funds, but you write a check anyways,hoping that a deposite will clear before the check is cashed.
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Checkbook register
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A booklet used to record checking account transactions.
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Reconciliation
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The process of matching your checkbook register with the bank statement
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Certified check
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A personal check that the bank guarantees or certifies to be good
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Cashier's check
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Also called bank draft, is a check written by a bank on its own funds.
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Stop payment order
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A request that the bank not cash a specific check.
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