Qualified endorsement(redirected from Qualified Endorsements)
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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved