Examlex
A protocol is a standard that specifies the format of data as well as the rules to be followed during transmission.
NSF Checks
Checks that are not honored by the bank due to insufficient funds in the account of the drawer.
Bank Service Charges
Fees charged by banks for account maintenance, transactions, and other financial services.
Outstanding Checks
Checks that have been written and recorded in the checking account ledger but have not yet been cashed or cleared by the bank.
Bank Reconciliation
The process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure consistency and accuracy of the figures.
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