What is the term for a check that has been signed over to another person?

A check that has been signed over to another person is known as an endorsed check. When a check is endorsed, the original payee (the person to whom the check is made out) signs their name on the back of the check, which allows the check to be transferred to another individual. This process ensures that the funds from the check can now be claimed by the new holder, who can deposit or cash it as appropriate.

In the context of banking and finance, it is essential to understand the different types of checks. A bearer check, for example, does not necessitate a specific payee as it can be cashed by anyone who presents it. A cashier's check is issued by a bank and guarantees payment, while a certified check is a personal check that a bank guarantees to have sufficient funds. Both cashier's and certified checks are typically used for transactions requiring more security and trust.