Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Qualified indorsement (endorsement)

Read a random definition: de odio et atia

A quick definition of Qualified indorsement (endorsement):

A qualified indorsement is when someone signs a piece of paper that can be traded for money, but they add a special phrase like "without recourse" to limit their responsibility if the paper is not worth anything. This makes it harder for someone to steal the paper and get money for it, but it doesn't stop other people from trading it.

A more thorough explanation:

A qualified indorsement (or endorsement) is a way to transfer ownership of a negotiable instrument, like a check or promissory note, with certain restrictions. It is an endorsement that includes an additional phrase, such as "without recourse," which limits the liability of the signer (indorser) if the instrument is dishonored.

For example, if John writes a check to Jane for $100, and Jane wants to transfer the check to Bob, she can use a qualified indorsement by signing the back of the check and adding "without recourse" after her signature. This means that if the check bounces or is not honored by the bank, Bob cannot hold Jane responsible for the loss.

While a qualified indorsement can make it harder for someone to steal or misuse a negotiable instrument, it does not prevent further transfer or negotiation of the instrument.

qualified individual with a disability | Qualified institutional buyer (QIB)

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.