Restrictive endorsement

(redirected from Restrictive Endorsements)
Also found in: Legal.

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.
References in periodicals archive ?
GL is a highly competitive product line and increasingly complicated by emerging coverage issues and restrictive endorsements.
Have any powdery substance on the outside; - Are unexpected or from someone unfamiliar to you; - Are addressed to someone no longer with your organization or home or are otherwise outdated; - Have no return address, or have one that can't be verified as legitimate; - Are of unusual weight, given their size, or are lopsided or oddly shaped; - Have an unusual amount of tape on them; - Are marked with restrictive endorsements, such as "Personal" or "Confidential;" - Have strange odors or stains; - Show a city or state in the postmark that doesn't match the return address.
Packages marked with restrictive endorsements such as ``Personal'' or ``Confidential.