Restrictive endorsement

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

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
GL is a highly competitive product line and increasingly complicated by emerging coverage issues and restrictive endorsements. Florida agents must stay informed of market changes and be diligent in their review of carrier coverage forms.
When designing executive bonus plans, particularly those with restrictive endorsements placed upon the life insurance policy purchased with the bonus, care should be taken to avoid the application of ERISA to the plan.
In 2001, however, carriers are actively investigating and implementing restrictive endorsements. That change is reflected in the decrease for the value of the Norton-Bastian Index from an all-time high in 2000.
* Restrictive endorsements, such as "confidential" or "personal"
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