restrictive endorsement
- A signature on the back of a financial document such as a check, limiting its transferability to a specific person
- Upon receiving her paycheck, Jane made a restrictive endorsement to secure the funds for her husband.
- To ensure his payment didn't fall into wrong hands, he made a restrictive endorsement.
- By making a restrictive endorsement, an individual can better control who cashes their check.
Provide Feedback
