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Simple English definitions for legal terms

restrictive indorsement

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A quick definition of restrictive indorsement:

A restrictive endorsement is when someone signs the back of a check or other important paper and writes a special note that limits how it can be used or who can use it. For example, they might write "for deposit only" to make sure that only the person named on the check can deposit it in their bank account. This helps prevent thieves from stealing the money. Other types of endorsements include blank endorsements (when no specific person is named), special endorsements (when a specific person is named), and qualified endorsements (when the signer limits their liability if the check is not honored).

A more thorough explanation:

A restrictive indorsement is when a person signs the back of a negotiable instrument, like a check, with a condition or restriction on how it can be further negotiated or transferred. The purpose of a restrictive indorsement is to prevent theft or embezzlement of the instrument.

For example, if someone writes "for deposit only" on the back of a check, it means that the check can only be deposited into the account of the person whose name is on the front of the check. Another example is if someone writes "pay to John Smith only" on the back of a check, it means that only John Smith can receive the payment.

These examples illustrate how a restrictive indorsement limits the negotiation of the instrument and ensures that it can only be used for the intended purpose.

restrictive covenant in equity | restrictive interpretation

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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