Which type of check involves two parties listed on the payment?

A two-party check is a check that is made payable to two individuals or entities rather than just one. This type of check requires the endorsement of both parties named on it in order for it to be cashed or deposited. This is particularly useful in situations where payment is made jointly or where a transaction or service involves more than one party, ensuring that both must agree to the handling of the funds.

The other options do not fit this definition. An endorsed check refers to a check that has been signed over to another party, which does not necessarily have two parties listed as original payees. A cashier's check is issued by a bank, providing a secure form of payment guaranteed by the bank, while a certified check is also guaranteed by the bank but is issued from the account of the individual. Both cashier's checks and certified checks market security and reliability rather than the involvement of multiple payees.