| 释义 |
restrictive endorsement
restrictive endorsementn. an endorsement signed on the back of a check, note or bill of exchange which restricts to whom the paper may be transferred. Example: "for transfer only to Frank Lowry, [signed] J. Ripps." Also spelled "indorsement." (See: endorsement) Restrictive endorsement
Restrictive endorsementAn endorsement signature on the back of a check that specifies the conditions under which the check can be transferred or paid out.Restrictive EndorsementAn endorsement on a check with restrictions. An endorsement is a signature on the back of a check stating that the payee has consented to receive the funds from the payer. A restrictive endorsement states the circumstances under which the payee will accept the funds under the signature. |