Chapter 5 Vocab
A non-sufficient funds check is also known as an
NSF check.
A special endorsement is sometimes known as an
endorsement in full.
A signature or stamp on the back of a check transferring ownership is called an
endorsement.
An endorsement restricting further transfer of a check's ownership is called a
restrictive endorsement.
A check dishonored by the bank because of insufficient funds in the account of the maker of the check is called a
non-sufficient funds check.
A form showing proof of a petty cash payment is called a
petty cash slip.
An amount of cash kept on hand and used for making small payments is called
petty cash.
An endorsement indicating a new owner of a check is called a
special endorsement.
A petty cash on hand amount that is less than the recorded amount is called
cash short.
A business form ordering a bank to pay cash from a bank account is known as
a check
A bank account from which payments can be ordered by a depositor is called
a checking account.
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank is called a
bank statement
An endorsement consisting only of the endorser's signature is called a
blank endorsement.
A check that has been paid by the bank is called a
canceled check.
A petty cash on hand amount that is more than the recorded amount is called
cash over.
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder is called a
debit card.
A bank form that lists the checks, currency, and coins an account holder is adding to the bank account is called a
deposit slip.
A check that a bank refuses to pay is called a
dishonored check.
A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents is called
electronic funds transfer