Chapter 5

Question 0

Endorsement

Answer 0

A signature or stamp on the back if a check transferring ownership

Question 1

Checking account

Answer 1

A bank account from which payments can be ordered by a depositor

Question 2

Blank endorsement

Answer 2

An endorsement consisting only of the endorser’s signature

Question 3

Special endorsement

Answer 3

An endorsement indicating the new owner of a check

Question 4

Restrictive endorsement

Answer 4

An endorsement restricting the further transfer of a check’s ownership

Question 5

Postdated check

Answer 5

A check with a future date on it

Question 6

Bank statement

Answer 6

A report if deposits, withdrawals, and bank balances sent to a depositor by a bank

Question 7

Dishonored check

Answer 7

A check that a bank refuses to pay

Question 8

Electronic funds transfer

Answer 8

A computerized cash payments system that transfers funds without the use if checks, currency, or other paper documents

Question 9

Debit card

Answer 9

A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder

Question 10

Petty cash

Answer 10

An amount of cash kept on hand and used for making small payments

Question 11

Petty cash slip

Answer 11

A form showing proof of a petty cash payment