A restrictive endorsement on a check to be deposited consists of the words "for deposit only."

Name: A restrictive endorsement on a check to be deposited consists of the words "for deposit only."
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A restrictive endorsement, such as "for deposit only," limits the use of the check to depositing it into the account of the person or entity named on the check, thereby restricting any other form of endorsement or negotiation.

A Restrictive Endorsement on a Check to Be Deposited Consists