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.

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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Among those who have issued qualified endorsements of moderate drinking are the New England Journal of Medicine, the Tufts University Diet and Nutrition Letter, and Consumer Reports magazine.
This has caused many groups to offer qualified endorsements of the plan, praising some aspects while criticizing others.

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