Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

restrictive indorsement

Read a random definition: initial appearance

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

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
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
ClassyPleasantHeron
10:01
The "date changes" at Michigan really don't mean anything. We had to do them in undergrad admissions whenever a Georgia applicant picked the country instead of the state, because we'd have to remove the TOEFL requirement and reassign the application from the international application readers.
soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
soapy
10:25
I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?
soapy
10:25
Also, can we send another LoR to a school that we've already applied to?
soapy
10:26
Or another essay?
LSD+ is ad-free, with DMs, discounts, case briefs & more.