Examlex
All organizations develop a systematic structure that defines and limits the behavior of their members.
NSF Check
A check that has not been honored by the bank due to insufficient funds in the account to cover the amount.
Outstanding Checks
Checks that have been written and recorded in a company’s ledger but have not yet been cleared or deducted from the bank account balance.
Credit Memo
A document issued by a seller to a buyer, reducing the amount owed by the buyer under certain circumstances, such as returned goods or an overcharge.
Debit Memo
A document issued by a seller of goods or services to a buyer, reducing the amount the buyer owes under the original invoice.
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