An endorsement indicating a new owner of a check called Answer Revealed
An endorsement indicating a new owner of a check called the correct answer Special Endorsement
by J Nandhini
Updated Oct 26, 2023
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An endorsement indicating a new owner of a check called
The correct answer is Special Endorsement
A Special Endorsement on a check is when the payee (the person the check is written to) signs the back and adds a specific instruction to pay the check to someone else. For example, if John receives a check made out to him and he writes "Pay to the order of Sarah" and then signs his name, it becomes a special endorsement. This means only Sarah can cash or deposit the check. It provides a way for the payee to transfer the funds to someone else, giving them control over who ultimately receives the money.
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An endorsement indicating a new owner of a check called - FAQ
1. An endorsement indicating a new owner of a check called
The correct answer is Special Endorsement
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