Page 468 - Business Principles and Management
P. 468
Chapter 17 • Financial Services
FIGURE 17-3 The Proper Way to Write a Check
Payee Clearly Filled in and No Preprinted
Added Space Before and After Date Filled in Number
Lockheed Lumber Co. 1205
12 North Street
Anytown, USA 20 72–7073/2738
PAY TO THE $
DELUXE WALLET DOLLARS
ORDER OF
THE FIRST NATIONAL BANK
AND TRUST COMPANY
ANYTOWN, USA 18940
MEMO
273970734 1205
SAFETY PAPER
Amount Written Out Clearly with No Amount in Numbers
Added Space Before and After Clear and Near
Signature of to $ Sign
Authorized Person
FIGURE 17-4 When would you use each of these endorsements?
TYPE EXAMPLE USE
Endorse checks in this way
Blank only just before turning them
over to the bank. If lost, checks
with blank endorsements can be
cashed by anyone.
Restrictive This endorsement limits use of
the funds to depositing only.
Checks endorsed in this way cannot
be exchanged for cash.
Special Endorse checks in this way to
or Full transfer rights to the funds to
someone else.
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