restrictive endorsement


Also found in: Financial.

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)

Mentioned in ?
References in periodicals archive ?
The payee's failure to explicitly reject a check outweighs the payer's restrictive endorsement.
Mitek (NASDAQ: MITK) said it has announced the availability of Restrictive Endorsement, a breakthrough new feature available in Mobile Deposit 4.
These include life-insurance-funded IRC Section 162 bonus arrangements (both standard and restrictive endorsement plans), split-dollar plans, supplemental executive retirement plans (SERPs) and IRC 409-compliant deferred compensation plans.
And, if the employer wishes to restrict the executive's access to the policy and its values for a period of time, an employment agreement and restrictive endorsement are necessary.
Added to the policy is a restrictive endorsement that requires the employer's consent for the employee to: (1) surrender the policy; (2) assign or pledge the policy for a loan; (3) change ownership of the policy; or (4) borrow the cash values of the policy.
A more restrictive endorsement will not grant any exception.
Briggs & Baker would then send in their clients' personal checks, with a restrictive endorsement, for 11 percent of the outstanding balance.
A restrictive endorsement, such as "personal" or "confidential.
That the amended program provided for the check to be sent to the school for parents' restrictive endorsement was, for the majority, merely a "precautionary provision," not a "sham.
Assign one staff member to open the mail each day, stamp each check with a restrictive endorsement, and prepare a list of cash receipts.
Whether sent directly to the schools or sent directly to the schools with a mandate of restrictive endorsement by the parents, is irrelevant .
All incoming mail should be opened only by the receptionist, who should immediately stamp all checks with a restrictive endorsement so they can be deposited only in the HBA's account.