BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A restrictive endorsement is an endorsement that prohibits further transfer of the check or the funds that pay it. It communicates that the purpose is the deposit of the funds in the bank account of the payee.

Detailed explanation-2: -Primary tabs. A restrictive endorsement is a conditional guaranty of a transfer of a negotiable instrument. That is, an endorsement that takes effect only on the occurrence or non-occurrence of another act or event.

Detailed explanation-3: -For Deposit Only-Restrictive Endorsement The most secure way to endorse a check is to: Write: For Deposit Only to Account Number XXXXXXXXXX. Sign your name below that, but still within the endorsement area of the check.

Detailed explanation-4: -Special Endorsement – Where the endorser puts his sign and writes the name of the person who will receive the payment. Restrictive Endorsement – Which restricts further negotiation. Partial Endorsement – Which allows transferring to the endorsee a part only of the amount payable on the instrument.

Detailed explanation-5: -The most common restrictive endorsement is the phrase For Deposit Only written along with the payee’s signature on the back of a check.