Chapter 5 Vocab

Question 1

a statement that guides the ethical behavior of a company and its employees

Answer 1

Code of conduct

Question 2

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

Answer 2

Checking account

Question 3

a signature or stamp on the back of a check transferring ownership

Answer 3

Endorsement

Question 4

an endorsement consisting only of the endorser’s signature

Answer 4

Blank endorsement

Question 5

an endorsement indicating a new owner of a check

Answer 5

Special endorsement

Question 6

an endorsement restricting further transfer of a check’s ownership

Answer 6

Restrictive endorsement

Question 7

a check with a future date on it

Answer 7

Postdated check

Question 8

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

Answer 8

Bank statement

Question 9

a check that a bank refuses to pay

Answer 9

Dishonored check

Question 10

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

Answer 10

Electric funds transfer

Question 11

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

Answer 11

Debit card

Question 12

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

Answer 12

Petty cash

Question 13

a form showing proof of a petty cash payment

Answer 13

Petty cash slip