Final answer:
An open check is the type of check that can be cashed or deposited with no restrictions and requires endorsement upon processing.
Step-by-step explanation:
The type of check that can be deposited or cashed with no restrictions, and requires endorsement at the time of cashing or depositing, is known as an open check. An open check, also called an uncrossed check, can be presented at the bank counter for payment in cash or can be deposited directly into someone's bank account. The process requires the payee to sign the back of the check (endorsement) before it can be processed. In contrast, a blank check is a check that does not indicate a specific amount of money, and a restricted check would come with certain conditions or instructions on how it can be processed.