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13 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 busineed (payee) named on it.
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Demand Deposit .
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aka " Cheking Account "
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Canceled Check .
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A check that bears the banks stamp, you can use your canceled checks as proff of purchase or of payment if a dispute arises.
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Overdraft .
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A check written for more money than your account contains.
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Floating a Check .
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When you relize your account contains insufficient funds, but you write a check anyway, hoping that a deposit will clear before the check is cashed.
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Checkbook Register .
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A booklet used to record checking account trannsactions .
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Reconciliation .
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The process of matching your checkbook register with the bank statement .
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Special Endorsement .
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Or an endorsment in full, is an endorsement that transfers the right to cash the check to someone else .
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Restrictive Endorsement .
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Restricts or limits the use of a check .
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Blank Endorsement .
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The signature of the payee written exactly as his or her name appears on the front of the check .
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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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aka " 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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