Qualified endorsement

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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This has caused many groups to offer qualified endorsements of the plan, praising some aspects while criticizing others.

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