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13 Cards in this Set

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Check
Is a written order to a bank to pay the stated amount to the person or business (payee) named on it.
Demand Deposit
The money can be withdrawn at any time - that is, " on demand." Only you, the depositor, can write checks on the account.
Canceled Check
Is a check that bears the bank's stamp, indicating that it has cleared.
Overdraft
A check written for more money than your account contains.
Floating a Check
When you realize your account contains insufficient funds, but you write a check anyway, hoping that a deposit will clear before the check is cashed.
Floating a Check
When you realize your account contains insufficient funds, but you write a check anyway, hoping that a deposit will clear before the check is cashed.
Checkbook Register
Is a booklet used to record checking account transactions.
Reconciliation
The process of matching your checkbook register with the bank statement.
Special Endorsement
Or an endorsement in full, is an endorsement that transfers the right to cash the check to someone else.
Restrictive Endorsement
Restricts or limits the use of a check.
Certified Check
Is a personal check that the bank guarantees or certifies to be good.
Cashier's Check
Also called a Bank Draft, is a check written by a bank on its own funds.
Stop Payment Order
Is a request that the bank not cash a specific check.