What type of endorsement is illustrated by the following example:
For deposit only
Ray Spark
2425-92-16-6

Question

What type of endorsement is illustrated by the following example:
For deposit only
Ray Spark
2425-92-16-6

ivettef365 · Answer

what are the choices

anonymous · Answer

Restrictive endorsement
        Full endorsement
        Blank endorsement
        Signature endorsement

ivettef365 · Answer

an endorsement signature on the back of a check that specifies the conditions under which the check can be transferred or paid out.
believe is restrictive

anonymous · Answer

D

ivettef365 · Answer

http://www.bankersonline.com/operations/gurus_op060302i.html

ivettef365 · Answer

Restrictive endorsement: In addition to holder's signature, includes a restriction on how the paper may be used by transferee. Most common wording is "For Deposit Only." The transferee bank must apply the check to the holder's deposit account.