Checking Flashcards
1
Q
Restrictive Endorsement
A
Designate what account the money should go into. This is more secure than a blank endorsement.
2
Q
Special Endorsement
A
A special endorsement consists of a signature and a statement identifying to whom the check should be paid.
3
Q
Blank Endorsement
A
An endorsement consisting of nothing but a signature and allowing any party in possession of the endorsed item to execute a claim.