BANKING AFFAIRS

Detailed explanation-1: -Blank endorsement, also known as general endorsement, takes place when the endorser of the instrument signs on the back of-the instrument only his name without writing the name of the endorsee, such endorsement is known as blank or general endorsements.

Detailed explanation-2: -: an endorsement (as on a check) that does not specify a payee.

Detailed explanation-3: -Blank or General Endorsement. Full Endorsement or Special Endorsement. Conditional Endorsement. Restrictive Endorsement.

Detailed explanation-4: -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-5: -13[(1) If the endorser signs his name only, the endorsement is said to be “in blank", and if he adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person, the endorsement is said to be “in full", and the person so specified is called the “endorsee” of the instrument.