10-2 The Language of Banking

One that acts or has the power or authority to act for another.

Holding a certificate; being certificated; guaranteed in writing.

Subordinate, secondary; property deposited as security for a loan.

Any form of money.

to deduct, to charge.

To entrust money to a bank or other institution.

The act of endorsing; approving.

Not as much as needed.

A check that will be marked void if written for more than a certain amount. This type of check is often used for payroll or insurance payments.

Capable of being discussed and terms arranged.

An amount beyond what is currently in the account.

A person to whom money is paid.

a legal document authorizing a person to act as another’s attorney, legal representative, or agent.

Containing a pledge to pay.

Dealing accomplished

A document that serves as proof that terms of a transaction have been met.

To justify, to give definite assurance as to the value of; to authorize.

A removal of something that has been deposited.