MLchartDataset catalogue

Qualified indorsement (endorsement)

Term · Law · MLC-T-LAW-004061

An indorsement on a negotiable instrument that limits the indorser's liability. The most common form is "without recourse," which means the indorser is not guaranteeing payment if the maker or drawer defaults. This type of indorsement transfers title to the instrument but restricts the indorser's contractual obligation to pay.

Table 1. Record
IdentifierMLC-T-LAW-004061
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004061",
  "term": "Qualified indorsement (endorsement)",
  "field": "Law",
  "definition": "An indorsement on a negotiable instrument that limits the indorser's liability. The most common form is \"without recourse,\" which means the indorser is not guaranteeing payment if the maker or drawer defaults. This type of indorsement transfers title to the instrument but restricts the indorser's contractual obligation to pay.",
  "url": "https://mlchart.com/terminology/law/qualified-indorsement-endorsement/"
}

Record 4,108 of 5,439 in Law terminology (MLC-0107). Request the full dataset.