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BANKING VOCABULARY 1 - BANKING VOCABULARY Crossed cheque(n...

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BANKING VOCABULARY 1. Crossed cheque (n) a cheque that has two line across to show that it can only be paid into a bank account and not exchanged for cash 2. Open cheque (n) 3. Bearer cheque (n) 4. Draw (v) 5. Drawee (n) : : : : bank or person asked to make a payment by a drawer 6. Drawer (n)  Payer : 7. Payee (n) 8. Bearer (n) 9. In word 10. In figures 11. Cheque clearing 12. Counterfoil (n) 13. Voucher (n) 14. Encode (v) 15. Sort code (n) 16. Codeword (n) ps writing a cheque, instructs a bank make payment to another : : Person who receive money from some one or whose name is on a cheque : : : : a piece of paper kept after writing a cheque as a record of the deal which has taken place : : : : 17. Decode (v) : ( understand the mean of the message writen in code) 18. Pay into : 19. Proof of indentify : 20. Authorise (v) : Authorisation (n) 21. Letter of authority : 22. Account holder (n) : 23. Expiry date : 24. ATMs 25. BACS 26. CHAPS date on which a document is no longer valid A utomatic T eller M achine : The B ankers A utomated C learing S ervice : 1 b g
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27. EFTPOS 28. IBOS 29. PIN 30. SWIFT 31. GIRO 32. BGC The C learig
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