qualified endorsement

qualified endorsement definition - business

qualified endorsement

Endorsement of a negotiable instrument when the endorser adds a restriction in an attempt to escape liability in the event the instrument is not honored. For example, the endorser of a check may add “without recourse."

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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