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Restrictive Endorsement |
Also found in: Legal | 0.01 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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