A ________ may read "For deposit only to the account of [the name of the person or business]," which allows the check to be deposited only in the account of that individual or company.

Question

Quizplus · Accepted Answer

A restrictive endorsement is an endorsement on the back of a check that makes the check nonnegotiable and allows the check to be deposited into only one specific account.A restrictive endorsement may read "For deposit only to the account of [the name of the person or business]."
A raised check is one that has had extra numbers added to the total written in the number space on the right of the check.
A blanket endorsement means that anyone holding the check may cash it.
A rubber-stamp endorsement refers to a restrictive endorsement,applied specifically by a rubber stamp,which includes the payee's name and a restrictive endorsement phrase.

A ________ May Read "For Deposit Only to the Account