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Qualified Endorsement

   Also found in: Legal 0.01 sec.
Qualified endorsement
A signature on the back of a negotiable instrument transferring the amount to some other party but that includes wording that limits the endorser's liability.

Qualified Endorsement
An endorsement on a financial instrument, such as a check, that limits the endorser's liability. That is, the endorser may write "without recourse" as a qualified endorsement. It indicates that the endorser is not responsible in the event that an institution such as a bank refuses to make payment on the instrument.


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The Democratic party's presidential candidate Barack Obama has accused the Republicans of political posturing over the energy issue but offered a qualified endorsement of coastal drilling as part of a broader energy deal.
The Democratic party's presidential candidate Barack Obama has accused the Republicans of political posturing over the energy issue but offered a qualified endorsement of coastal drilling as part of a broader energy deal.
And in recent developments, the New York Post also yesterday delivered a qualified endorsement of Obama for the Democratic presidential nomination, snubbing Hillary Clinton.
 
 
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