AUTOMATED/AUTOMATIC TELLER MACHINE Definition

Bookmark and Share

AUTOMATED/AUTOMATIC TELLER MACHINE (ATM) is an unattended machine (outside some banks) that dispenses money or allows an individual to conduct unassisted business transactions with the ATM when a personal coded card is used.

Learn new Accounting Terms

BANK RECONCILIATION is the verification of a bank statement balance and the depositor's checkbook balance.

EXPENDABLE TRUST FUND is a governmental fiduciary fund held in a trustee capacity by a governmental agency that accounts for assets and activities restricted to a specific purpose in accordance to formal intent. The principal of the fund can be expended towards only the activity specified, e.g., Unemployment Compensation Fund, Employee Benefits Fund, etc.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.