restrictive endorsement
Definition
Endorsement which limits further negotiability of a negotiable instrument. For example, the words 'accounts payee Only' on the face (in the UK) or 'For deposit only' on the back (in the US) of a check block its cashing over the counter and (generally) endorsement to another party. Also called endorsement limiting further endorsement.
Mentioned in these definitions
Popular 'Banking, Commerce & Finance' Terms
restrictive endorsement in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/restrictive-endorsement.html







