BANKING VOCABULARY 1 - BANKING VOCABULARY Crossed cheque...

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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 CHAPS date on which a document is no longer valid A
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This note was uploaded on 03/05/2012 for the course ECON 101 taught by Professor Hhjii during the Spring '10 term at Ahsanullah University of Sci & Tech.

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BANKING VOCABULARY 1 - BANKING VOCABULARY Crossed cheque...

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