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12 Cards in this Set
- Front
- Back
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Check
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Is a writter order to a bank to pay the stated amount to the person or business
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Demand Deposit
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a checki ng acount where money can br withdrawn at any time
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Canceled Check
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a check that bars the bank's stamp, indicating that it has been cleared
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Overdraft
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A check written for more money then it contains
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Floating A Check
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Writting a check hoping that yo will have the money to make it go through.
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Checkbook Register
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A booklet used to record checking account transaction.
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Reconcilation
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The process of matching your checkbook register with the bank statement
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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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Special Endorsement
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An endorsement 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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Cashier's Check
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Also called a "bank draft", is a check written by a bank on its own funds.
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Certified check
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A personal check the bank guarantees or certifies to be good.
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