A restrictive endorsement means that the check is payable to any bearer.

Name: A restrictive endorsement means that the check is payable to any bearer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A restrictive endorsement limits the negotiability of a check, typically by adding specific instructions such as "for deposit only" or "pay to the order of [name]." This means that the check can only be deposited into the account of the designated payee, rather than being payable to any bearer.

A Restrictive Endorsement Means That the Check Is Payable to Any