Intro to Business Chapter 17 vocab

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

outstanding checks

checks that have not been deducted from the bank statement balance

check register

A separate form on which the depositor keeps a record of deposits and checks

back reconciliation

a statement showing by how the checkbook balance and the bank statement were brought into agreement

Stop payment order

a written notice telling the bank no to pay a certain check

commercial bank

a bank that offers a full range of financial services

debit card

a devise used for cash machine transactions

Federal Deposit Insurance Corporation (FDIC)

a federal agency that protects deposited money incase of the failure of a bank or financial institution that it regulates

service charge

a fee a bank charges for handling a checking account

Federal reserve System

a nationwide banking plan set up by the federal government to supervise & regulate member banks

credit union

a not-for-profit financial institution formed by people who have like occupations or live in the same community

bank statement

a report sent by the bank to a depositor showing the status of his or her account

safe deposit boxes

a secured area in a bank vault for storing valuables

endorsement

written evidence that you receive payment of that you transferred your right of receiving payment to someone else


संबंधित स्टडी सेट्स

Public Health (Multiple Choice, Pick Multiple)

View Set

Mental Health Evolve Adaptive Quizzing- Ch. 28

View Set

Geography - Scale and Generalization

View Set

Chapter 18, Fetal Assessment During Labor

View Set

MGMT 309 Exam 1- Mindtap and prof specific topics

View Set

Introduction to Software and Apps(Chapter 2)

View Set

Protein: Biochemical theory and physiology

View Set

Unit10 - Business Rules Management (BRM)

View Set

Psychology Chapter 1 Test: What is Psychology?

View Set