215k views
3 votes
Explain the difference between a blank endorsement and a restrictive endorsement.

2 Answers

3 votes

Answer:

A blank endorsement is a simple signature of the endorser. There are not any restrictions. The check can be cashed or deposited. A restrictive endorsement is placing a restiction or constraint on the check.

Hope this helps.

User Lummo
by
8.1k points
2 votes

Answer:

A bank endorsement is a guarantee by a bank confirming that it will uphold a check or other negotiable instrument whereas restrictive endorsement places a limition on the use of a check or other negotiable financial instrument

User Biggreentree
by
8.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories