qualified endorsement

Definition of "qualified endorsement"
  1. An approval added to a negotiable document like a check that includes certain limitations, such as 'without recourse', thus affecting the legal rights of the endorser
How to use "qualified endorsement" in a sentence
  1. She added a qualified endorsement to the check to limit her liability.
  2. The seller decided to use a qualified endorsement to protect their rights during the transaction.
  3. The bank questioned the validity of the qualified endorsement on the draft.

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