Qualified Endorsement Law and Legal Definition
Qualified Endorsement is an endorsement that passes title to a negotiable instrument with certain restrictions. For example, writing "without recourse" on the back of the check would create a qualified endorsement. It is the most frequently seen example, means that if the instrument is not honored, the endorser is not responsible. Where qualified endorsements are restrictive (such as "for deposit only") the term restricted endorsement is preferable.
Legal Definition list
- Qualified Employee Discount
- Qualified Electronic Health Record
- Qualified Domestic Trust (QDOT)
- Qualified Domestic Relations Order QDRO
- Qualified Disclaimer
- Qualified Endorsement
- Qualified Fair Housing Enforcement Organization [HUD]
- Qualified Farm-Related Taxpayer
- Qualified Fee
- Qualified Firm
- Qualified Graduate Program [Education]
