Chapter 9 Vocabulary.

Blank Endorsement

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

Bank Reconciliation

A bank reconciliation is the process of matching your checkbook register with the bank statement.

Canceled Check

A canceled check is a check that has cleared your account.

Cashier's Check

A cashier's check is a check written by a bank on its own funds.

Certified Check

A certified check is a personal check that the bank guarantees or certifies to be good.

Check

A check is a written order to a bank to pay the amount stated to the person or business named on it.

Checkbook Register

A checkbook register is a booklet used to record checking account transactions.

Debit Card

A debit card is a plastic card that deducts money from a checking account almost immediately to pay for purchases.

Demand Deposit

A demand deposit is another name for a checking account because the money may be withdrawn at any moment.

Floating a Check

A floating check is when people write checks, hoping to deposit money to cover them before they clear.

Restrictive Endorsement

A restrictive endorsement restricts or limits the use of a check.

Safe Deposit Box

A safe deposit box is a box where you can store valuable items or documents.

Special Endorsement

A special endorsement is an endorsement that transfers the right to cash the check to someone else.

Stop-Payment Order

A stop-payment order is a request that the bank not honor a specific check.

Electronic Funds Transfer (EFT)

An electronic funds transfer (EFT) uses a computer-based system that enables you to move money from one account to another without writing a check or exchanging cash.

Overdraft

An overdraft is a check written for more money than your account contains.

Overdraft Protection

Overdraft protection is protection saying that your checks will be covered even if you have insufficient funds in your checking account.

Traveler's Checks

Traveler's checks are check forms in specific denominations that are used instead of cash while traveling.