conditional indorsement

conditional indorsement
An indorsement of a negotiable instrument to which there is added to the signature of the indorser the words "without recourse," or words of similar import. Uniform Negotiable Instruments Law § 38; Anno: 91 ALR 399; 11 Am J2d B & N § 363.

Ballentine's law dictionary. . 1998.

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  • indorsement — /andorsmant/ The act of a payee, drawee, accommodation indorser, or holder of a bill, note, check, or other negotiable instrument, in writing his name upon the back of the same, with or without further or qualifying words, whereby the property in …   Black's law dictionary

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