Endorsement

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Endorsement is a payee's signature on a check. When endorsement is blank, a check could be further endorsed. When endorsement is executed (its field is full), this endorsement restricts further endorsement to only the person or organization named. When endorsement is restrictive, this endorsement restricts any further endorsement.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Endorsement. A payee's signature on a check. When endorsement is blank, a check could be further endorsed. When endorsement is executed (its field is full), this endorsement restricts further endorsement to only the person or organization named. When endorsement is restrictive, this endorsement restricts any further endorsement.

Related concepts

Related coursework