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Restrictive Endorsement

   Also found in: Legal 0.01 sec.
Restrictive endorsement
An endorsement signature on the back of a check that specifies the conditions under which the check can be transferred or paid out.

Restrictive Endorsement
An 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.


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This includes, but is not limited to, such strategies as proof of contract, constructive notice, challenge of procedure and restrictive endorsement.
Briggs & Baker would then send in their clients' personal checks, with a restrictive endorsement, for 11 percent of the outstanding balance.
A restrictive endorsement, such as "personal" or "confidential.
 
 
 
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