Definitions for "Qualified endorsement"
A signature on the back of a negotiable instrument transferring the amount to some other party but that includes wording that limits the endorser's liability.
Is one which limits the liability of the endorser. Such an endorsement is effected simply by adding the words "without recourse," after the signature.
An endorsement that includes the words "Without Recourse," followed by the endorser's signature, and means that the endorser does not have to pay if the check is not honored.
Qualified Terminable Interest Property Trust Qualifying stock option