Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

restricted indorsement

Read a random definition: pop

A quick definition of restricted indorsement:

A restricted endorsement is when someone signs the back of a check or other important paper and puts a condition on it. For example, they might say "pay only to John Smith" or "for deposit only." This is to make sure that the paper can only be used in a certain way and can't be stolen or used by someone else. It's like putting a lock on your bike so no one can take it.

A more thorough explanation:

A restricted indorsement is a type of indorsement that limits the negotiation or payment of a negotiable instrument, such as a check or promissory note. It can include a condition or language that restricts further negotiation or payment of the instrument.

For example, a check may have a restrictive indorsement that says "for deposit only" or "pay to the order of XYZ Bank." This means that the check can only be deposited into the account of the named payee or the named bank, and cannot be further negotiated or paid to anyone else.

Another example of a restrictive indorsement is "pay to John Smith upon completion of the project." This means that the check can only be paid to John Smith once the project is completed, and cannot be negotiated or paid to anyone else until that condition is met.

Restricted indorsements are used to prevent theft or fraud, and to ensure that the instrument is used for its intended purpose. They can also limit the liability of the indorser if the instrument is dishonored.

restraint of princes | restricted interpretation

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
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
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
LSD+ is ad-free, with DMs, discounts, case briefs & more.