ELI5: Explain Like I'm 5

Blank endorsement

A blank endorsement is when someone signs the back of a check without saying who should get the money. It's like writing "to whoever finds this check" on the back. This means that anyone who has the check can cash it or deposit it into their bank account. Be careful with blank endorsements because if you lose the check, someone else can find it and take the money. So always be sure to keep your blank endorsed checks in a safe and secure spot.
Related topics others have asked about: