Banking terms

Know Some Banking Terms:
---------------------------------------
Cheque Book - A small, bound booklet of cheques. A cheque is a piece of paper produced by your bank with your account number, sort-code and cheque number printed on it. The account number distinguishes your account from other accounts; the sort-code is your bank's special code which distinguishes it from any other bank.
----------------------------------------
Cheque Clearing - This is the process of getting the money from the cheque-writer's account into the cheque receiver's account.
----------------------------------------
Clearing Bank - This is a bank that can clear funds between banks. For general purposes, this is any institution which we know of as a bank or as a provider of banking services.
--------------------------------------------
Bounced Cheque - when the bank has not enough funds in the relevant account or the account 
holder requests that the cheque is bounced (under exceptional circumstances) then the bank will return the cheque to the account holder.