chapter 5 Flashcards
A business form ordering a bank to pay cash from a bank account
check
Bank account from which payments can be ordered by a depositor
checking account
Two things to open a checking account
Signature card and Deposit slip
A bank form that lists the checks, currency, and coins an account holder is adding to the bank account
Deposit Slip
A signature or stamp on the back of a check transferring ownership
endorsement
Three types of commonly used endorsements
Blank, Special, and Restricted
An endorsement consisting only of the endorser’s signature
Blank Endorsement
An endorsement indicating a new owner of a check is called
special endorsement
A special endorsement is sometimes known as
endorsement in full
An endorsement restricting further transfer of a checks ownership
restrictive endorsement
a report of deposits, withdrawals, and bank balances sent to a depositer by a bank
bank statement
A check that has been paid by the bank
Canceled check
A check that a bank refuses to pay
dishonored check
A check dishonored by the bank because of insufficient funds in the account of the maker of the check
non-sufficient funds check
A non-sufficient funds check
NSF check
