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Q: What is a restrictive endorsement?
A: Restrictive endorsement is an endorsement signed on the back of a check, note or bill of exchange which restricts to whom the paper may be transferred.
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Asked 5/9/2012 1:32:53 PM
Updated 2/3/2014 10:40:31 AM
1 Answer/Comment
Edited by jay901 [2/3/2014 10:40:19 AM]
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Restrictive endorsement is an endorsement signed on the back of a check, note or bill of exchange which restricts to whom the paper may be transferred.
Added 2/3/2014 10:40:31 AM
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Questions asked by the same visitor
what is a blank endorsement
Weegy: Endorsement is a legal term that refers to the signing of a document which allows for the legal transfer of a negotiable from one party to another. (More)
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Expert Answered
Updated 5/9/2012 1:46:00 PM
1 Answer/Comment

Definition of 'Blank Endorsement'
A signature by the creator of an instrument, such as a check, which enables any holder of the instrument to assert a claim for payment. Because no payee is specified, such an endorsement essentially turns the instrument into a bearer security.

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Added 5/9/2012 1:46:00 PM
This answer has been confirmed as correct and helpful.
Confirmed by andrewpallarca [4/1/2014 7:10:24 AM]
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