Karteikarten
BUS-214-49 Chapter 4
Karten in diesem Stapel (26)
- 1Automatic Teller Machine (ATM)Automatic teller machine that allows customer of a bank to transfer funds and make deposits or withdrawals.
- 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 in 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 to a person or organization.
- 15DraweeOne ordered to pay the check.
- 16DrawerOne who writes the check.
- 17Electronic Funds 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 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.