click below
click below
Normal Size Small Size show me how
banks and payments
banks and payments 1st year x
Term | Definition |
---|---|
payee | who gets paid |
drawee | bank |
drawer | writes the cheque |
cheque | written instruction to bank to pay another person from your account |
p.i.n | personal identification number |
a.t.m | automated teller machine |
d.i.r.t | deposit interest retention tax |
endorsing a cheque | writing your name on the back of a cheque to pass it on to someone else |
post dated cheque | cheque dated in the future |
antedated cheque | cheque dated in the past |
S.O | standing order |
O.D | over draft |
B.D | bank draft |
D.D | direct debit |