FBO stands for â??for the benefit of.â?? FBO checks have a final beneficiary who is different than the person that is noted on the â??pay to the order ofâ?? line on the check.
For Benefit Of
It means that there were not sufficient funds in the account to cover the check
If you get a refund check from a university does not mean you owe the university money. This means that the university owes you money and this is what the check is given to you for.
Federal Withholding
State Income Tax
NO
For Bank Only
That abbreviation in law stands for the phrase "for the benefit of".
Fixed base operator
For Benefit Of
FBO on a check stands for the term 'for the benefit of' used by third parties or when dealing with minors . The check must be endorsed on the second line following for deposit only in the first endorsement line.
Facebook Official
(In reference to) A check is issued in my name then FBO my mother's name. She passed a few years back. For Benefit of , when is written in a check, meaning that the check final beneficiary is someone else.
The check is not for the guardian. The check is for the benefit of the minor and must be used for that. They can be held accountable to the court.
Well, honey, if you want that check to go straight to the intended recipient without any funny business, then yes, you better sign it with "FBO" followed by the recipient's name. Otherwise, you might as well just toss that check in the trash and save everyone the trouble.
You can`t do anything with it, other than take it to the bank it is made out to and deposit it.
Fixed Base Operator; generally an aircraft service company selling fuel, maintenance, and other services to those flying into a particular airport. FBO's may also own the airport, or just rent space from the owning authority to transact business. There can be multiple FBO's on a single airport.