What is an Endorsement? An endorsement is the signature of a payee on a check. This signature is written before the check is transferred to the payee's bank. For example, a “for deposit only” endorsement ensures that the payee's bank must deposit the funds into the payee's account.
Definition: An endorsement is a banking requirement established for checks where the recipient has to sign and add his account information in order to cash or deposit the check. It is a procedure where the recipient acknowledges that he has received the check and that he is willing to do something with it.
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Answer:
What is an Endorsement? An endorsement is the signature of a payee on a check. This signature is written before the check is transferred to the payee's bank. For example, a “for deposit only” endorsement ensures that the payee's bank must deposit the funds into the payee's account.
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Answer:
Definition: An endorsement is a banking requirement established for checks where the recipient has to sign and add his account information in order to cash or deposit the check. It is a procedure where the recipient acknowledges that he has received the check and that he is willing to do something with it.
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