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FINDLAW LEGAL DICTIONARY

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Endorsement

endorsement


also
in·dorse·ment

n
1 : the act or process of endorsing
2 : an inscription (as a signature or notation) on a document or instrument
;esp
: an inscription usually on the back of a negotiable instrument that transfers or guarantees the instrument

blank endorsement
: an endorsement (as a signature) of a negotiable instrument that does not name a transferee and that makes the instrument payable to bearer called also endorsement in blank

qualified endorsement
: an endorsement of a negotiable instrument with words (as “without recourse”) that limit or qualify the endorser's liability

restrictive endorsement
: an endorsement of a negotiable instrument with words (as “for deposit only”) that limit the further negotiation of the instrument NOTE: A restrictive endorsement does not prevent further negotiation of the instrument under the Uniform Commercial Code.

spe·cial endorsement
: an endorsement of a negotiable instrument with words (as “Pay to Jane Doe”) that make the instrument payable to a specified person
3 : a provision added to an insurance policy that alters its coverage [a theft ]



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.