Karteikarten
Chapter 4 Banking
Karten in diesem Stapel (26)
- 1automatic teller machine (ATM)the ability to get instant cash
- 2Bank reconciliationProcess of comparing the bank balance to the checkbook balance so adjustments can be made regarding checks outstanding, deposits in transit, and the like.
- 3Bank statementReport sent by the bank to the owner of the checking account indicating checks processed, deposits made, and so on, along with beginning and ending balances.
- 4Banking appsSpecial client application programs like checking account balances, paying bills, and transferring funds for those doing online banking
- 5Blank endorsementCurrent owner of check signs name on back. Whoever presents checks for payment received the money.
- 6CheckWritten document signed by appropriate person that directs the bank to pay a specific amount of money to a particular person or company
- 7check registerRecord-keeping device that records checks paid and deposits made by companies using a checking account
- 8check stubProvides a record of checks written. It is attached to the check
- 9Credit memo (CM)Bank transactions that increase customer's account
- 10Debit cardTransactions result money being immediately deducted from customer's checking account.
- 11Debit memo (DM)A debit transaction bank does for customers
- 12Deposit slipDocument that shows date, name, account number, and items making up a deposit
- 13Deposits in transitDeposits not received or processed by bank at the time the bank statement is prepared
- 14DraftWritten orders like checks instructing a bank, credit union, or savings and loan institution to pay your money tp a person or organization
- 15DraweeOne ordered to pay the check
- 16DrawerOne who writes the check
- 17Electronic fund transfer (EFT)A computerized operation that electronically transfers funds among parties without the use of paper checks
- 18EndorseSigning the back of the check; thus ownership is transferred to another party
- 19Full endorsementThis endorsement identifies the next person or company to whom the check is to be transferred
- 20Mobile bankingDoing banking transactions on a mobile device such as a smartphone or tablet
- 21nonsufficient funds (NSF)Drawer's account lacked sufficient funds to pay written amount of check
- 22Outstanding checksChecks written but not yet processed by the bank before bank statement preparation
- 23OverdraftsOccurs when company or person wrote a check without enough money in the bank to pay for it (NSF check)
- 24PayeeOne who is named to receive the amount of the check
- 25Restrictive endorsementCheck must be deposited to the payee's account. This restricts one from cashing it.
- 26Signature cardInformation card signed by person opening a checking account
Informationen
- Beschreibung
- Vocabulary words and their meaning
- Erstellt von
- CELIA VERDINEZ
- Aufrufe
- 16
- Tags
- Bewertung