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What does "endorsement" mean when the federal government receives and endorses the "Fed check" issued by the Federal Reserve?
The significance of endorsement in business activities: in the process of transferring a check, the person who transfers the check should sign (or seal) on the back of the check, which is called endorsement. The endorser will be responsible for the repayment of this check to a certain extent, which is similar to a kind of guarantee, and then it will be extended to the meaning of guarantee, guarantee, that is, the guarantee of your affairs or what you said.

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