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.

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.
Executive Bonus Plans: 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.
Marked with restrictive endorsements, such as ``Personal'' or ``Confidential.
In 2001, however, carriers are actively investigating and implementing restrictive endorsements.