An Endorsement That Specifies Precisely How the Check May Be

question 86

Multiple Choice

An endorsement that specifies precisely how the check may be redeemed, such as only for deposit in the practice's bank account, is a ____.

• A) restrictive endorsement
• B) qualified endorsement
• C) blank endorsement
• D) mechanical endorsement
• E) special endorsement

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Definitions:

Credit Policies

Guidelines set by businesses to determine the terms and conditions for extending credit to customers.

Working Capital Policy

A strategy relating to managing a firm's short-term assets and liabilities with the objective of maintaining sufficient liquidity to carry out operations smoothly.

Top Management

The highest level of managers and executives who have the day-to-day responsibilities of managing a company or corporation, making strategic decisions.

Financing Nature

The characteristic manner or method in which a company prefers to finance its operations, typically equity, debt, or a hybrid.