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Author Question: Explain why an endorsement stamp with For Deposit Only is stamped on the back of all checks ... (Read 81 times)

viki

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on: Jun 25, 2018
Explain why an endorsement stamp with For Deposit Only is stamped on the back of all checks received.
 
  What will be an ideal response?

Question 2

Modifiers are used to further describe the circumstances
 
  A. of the need for the procedure.
  B. surrounding the procedure.
  C. of the patient's status.
  D. of the injury causing the need for the procedure.


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covalentbond

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Reply #1 on: Jun 25, 2018
Answer to Question 1

The For Deposit Only stamp is known as a restrictive endorsement. Checks stamped in this manner are difficult to cash by unauthorized parties.

Answer to Question 2

B.surrounding the procedure.


viki

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Reply 2 on: Jun 25, 2018
Thanks for the timely response, appreciate it

nyrave

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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