Search this cou Ch 04: Assignment - Managing Your Cash and Savings Answer Term Compound interest A. Description This form of check is drawn on the account of a financial institution and is backed by the creditworthiness of the institution. It is often required by sellers in lieu of a personal check. Demand deposit Overdraft Account reconciliation D. This is a deposit held in a financial institution for a fixed period of time. Usually depositors can withdraw the money from the account after the committed time period. This is the term applied to the practice of routinely managing an individual's or family's cash and near-cash assets. This refers to an insurance program that protects depositor funds against the failure of the insured depository Institution. This is the name given to the earnings on an amount which is determined based on the interest rate applied only to the initial deposit. These financial institutions are legally allowed to solicit and accept monetary deposits from individuals or entities. This is the technical name of the condition that results when an account holder bounces a check. Cash management E. Deposit Insurance Cashier's check Time deposit This is the name applied to interest earned on the sum of the initial deposit and interest earned in prior periods. Simple interest Depository institution This is the process of verifying accuracy by comparing the balance on the check register, or ledger with the balance on the bank's statements. This is the general name given to a checking account for which withdrawn balances must be paid immediately upon demand. . Grade It Now Save & Continue Continue without saving