Vocabulary 1
To sign your name to the back of a check payable to you
What is endorse?
This type of endorsement is used when cashing in your check and should not be used if sending it through the mail
What is blank endorsement?
Checks you have written but not recorded by the bank
What are outstanding checks?
This endorsement is used to transfer the check to another person or company
What is an endorsement in full?
To assure that the bank statement agrees with your checkbook register
What is reconcile?
This endorsement is used when depositing checks and much safe than a blank endorsement
What is a restrictive endorsement?
To use this bank form to put money into your account
What is a deposit ticket?
Checks paid by the bank and returned with your statement
What are cancelled checks?
This is a listing of all the transactions you made in the last month which the bank has given to you from their record
What is a bank statement?