| 释义 |
Qualified endorsement Qualified endorsementA signature on the back of a negotiable instrument transferring the amount to some other party but that includes wording that limits the endorser's liability.Qualified EndorsementAn endorsement on a financial instrument, such as a check, that limits the endorser's liability. That is, the endorser may write "without recourse" as a qualified endorsement. It indicates that the endorser is not responsible in the event that an institution such as a bank refuses to make payment on the instrument. |