A signature or stamp on the back of a check, transferring ownership called Answer Revealed
by J Nandhini
Updated Oct 26, 2023
A signature or stamp on the back of a check, transferring ownership called
The correct answer is an Endorsement
An endorsement is a signature or an authorized mark on a document, particularly on a negotiable instrument like a check, contract, or a promissory note. It signifies approval, support, or transfer of rights from one party to another.
In banking, an endorsement on a check allows the payee (the person to whom the check is made out) to transfer the right to receive the funds to someone else. There are different types of endorsements, including blank endorsements (signature only) and special endorsements (signature with specific instructions).
In a broader context, endorsements are also commonly used in politics, sports, and entertainment, where influential figures may officially support a candidate, product, or cause. This public declaration of support often carries significant weight and can influence public opinion.
A signature or stamp on the back of a check, transferring ownership called - FAQs
The correct answer is an Endorsement