Restrictive endorsement(redirected from Restrictive Endorsements)
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An endorsement signature on the back of a check that specifies the conditions under which the check can be transferred or paid out.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved