Restrictive Endorsement Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Restrictive Endorsement, written in plain English, along with examples of how it is used.
What is Restrictive Endorsement?
(n) Restrict endorsement is the restriction made in a financial instrument whereby its free transferability is restricted to a specific person noted in that endorsement. Restrictive endorsements are made by signing at the reverse of the instrument by noting the limitations effected there in.