MLchartDataset catalogue

Restrictive endorsement

Term · Law · MLC-T-LAW-004291

An endorsement on a negotiable instrument, such as a check, that limits its further negotiation or specifies how the funds are to be used. The most common form is "For Deposit Only," which directs the bank to deposit the funds only into the payee's account. This type of endorsement prevents the instrument from being cashed by anyone other than the designated payee or deposited into an unauthorized account.

Table 1. Record
IdentifierMLC-T-LAW-004291
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004291",
  "term": "Restrictive endorsement",
  "field": "Law",
  "definition": "An endorsement on a negotiable instrument, such as a check, that limits its further negotiation or specifies how the funds are to be used. The most common form is \"For Deposit Only,\" which directs the bank to deposit the funds only into the payee's account. This type of endorsement prevents the instrument from being cashed by anyone other than the designated payee or deposited into an unauthorized account.",
  "url": "https://mlchart.com/terminology/law/restrictive-endorsement/"
}

Record 4,354 of 5,445 in Law terminology (MLC-0107). Request the full dataset.