Indorsement: A signature, with or without additional words or statements (e.g., “for deposit only,” “payable to Jane Smith,” “payable from acct. # 000001,” etc.), made by the indorser in order to transfer his or her rights to the indorsee.
Blank Indorsement: An indorsement that specifies no particular indorsee and can consist of a mere signature.
Special Indorsement: An indorsement that indicates the specific person to whom the indorser intends to make the instrument payable — i.e., the indorsee.
Qualified Indorsement: An indorsement which disclaims any contract liability on the instrument (e.g., “without recourse”).
Restrictive Indorsement: Any indorsement on a negotiable instrument that requires the indorsee to comply with certain instructions regarding the funds involved.
Indorsement for Deposit or Collection: “For deposit only.”
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