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MATCHING KEY TERMS AND DEFINITIONS

question 55

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-A performance assessment in which coworkers provide input into the employee's performance.


Definitions:

Bank Error

Mistakes made by a bank in recording transactions in a customer's account, requiring correction to reflect the accurate balance.

Check Printing Charge

Fees incurred for the printing of checks, often charged by banks or printing companies.

Deposits In Transit

Funds that have been deposited by a company but not yet credited to its bank account by the financial institution.

NSF Checks

Checks that cannot be processed by a bank due to insufficient funds in the account of the individual who wrote the check, leading to a "non-sufficient funds" status.

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