Qualified indorsement

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Related to Qualified indorsement: Blank indorsement, Qualified endorsement, Restrictive Indorsement

QUALIFIED INDORSEMENT. A transfer of a bill of exchange or promissory note to an indorsee, without any liability to the indorser; the words usually employed for this purpose, are sans recours, without recourse. 1 Bouv. Inst. n. 1138,

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