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restrictive endorsement |
Also found in: Financial | 0.06 sec. |
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restrictive endorsement n. an endorsement signed on the back of a check, note or bill of exchange which restricts to whom the paper may be transferred. Example: "for transfer only to Frank Lowry, [signed] J. Ripps." Also spelled "indorsement." (See: endorsement) |
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Briggs & Baker would then send in their clients' personal checks, with a restrictive endorsement, for 11 percent of the outstanding balance. Whether sent directly to the schools or sent directly to the schools with a mandate of restrictive endorsement by the parents, is irrelevant . On the back of the check as a restrictive endorsement. |
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restrictive endorsement
