Checking Flashcards

1
Q

Restrictive Endorsement

A

Designate what account the money should go into. This is more secure than a blank endorsement.

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2
Q

Special Endorsement

A

A special endorsement consists of a signature and a statement identifying to whom the check should be paid.

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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.

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