Checkbook Terminology

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Checkbook Terminology
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• Payee The party that receives the check
• Payor The party that writes the check
• Check Register a record of all checking related
  transactions, checks written and deposits made
• Check Stub a record keeping device attached to
  the check

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• Balance the current amount of money in your
  account
• Non-sufficient Funds writing a check for more
  money than is currently in your account
• Minimum Balance the smallest balance you may
  carry without incurring an additional service
  charge
• Service Charge a fee the bank charges for the
  use of your checking account