1. Checkbook Terminology

2. Payee – The party that receives the check
Payor – The party that writes the check
Check Register – a record of all checking related transactions, checks written and deposits made
Check Stub – a record keeping device attached to the check

3. Balance – the current amount of money in your account
Non-sufficient Funds – writing a check for more money than is currently in your account
Minimum Balance – the smallest balance you may carry without incurring an additional service charge
Service Charge – a fee the bank charges for the use of your checking account