restrictive indorsement

1 definition found

restrictive indorsement - Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  RESTRICTIVE INDORSEMENT, contracts. One which confines the negotiability of 
  a promissory note or bill of exchange, by using express words to that 
  effect, as by indorsing it "payable to A,B only." 1 Wash. C. C. 512; 2 
  Murph. 138; 1 Bouv. Inst. n. 1138.