BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Blank Endorsement – An endorsement consisting of only the endorser’s signature. If a check with a blank endorsement is lost, anyone can cash it. Use this only when you’re at the bank, ready to cash the check or deposit it into your account. Special Endorsement – An endorsement indicating a new owner.

Detailed explanation-2: -A blank endorsement is a signature on a financial instrument such as a check. No payee is specified, so any holder of the instrument could claim payment. The signature essentially turns the instrument into a bearer security. That is, it is not registered to any individual but is payable to the person who possesses it.

Detailed explanation-3: -Blank endorsement is a kind of signature on a financial instrument. It has no designated payee, so the person who possesses it can demand payment, for example, a check made payable to cash and endorsed on the back with the signature of the account held.

Detailed explanation-4: -Since a blank endorsement can be negotiable by anyone who presents it for payment, this type of endorsement should be used when depositing in person to minimize fraud risk. A special endorsement is when the member specifies that the check is “For Deposit Only” above their signature.

Detailed explanation-5: -Blank Endorsement: This is a type of endorsement that carries the signature of the person who created the negotiable instrument but does not indicate the payee.