Endorsement
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
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
