Restrictive Indorsement — Law Dictionary

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

An Indorsement 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. (U. S.) 512; 2 Murph. (N. C.) 138; 1 Bouv. Inst, note 1138.

Ballentine's Law Dictionary

James A. Ballentine · 1916

One which limits the negotiability of the bill. See 1 Biss. 325, 15 Fed. Cas. (U. S.) 151.

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

See Indorsement. counts. It consists in striking a balance of N. C. 403, 15 S. E. 4; Lloyd v. Woods, 176 the account, at the end of any fixed period, Pa. 67, 34 Atl. 926. But where a wife gives upon which* interest is allowed, thus giving to her husband money from her father’s esthe benefit of compound interest. 3 Pars. tate, without any agreement for its invest- Contr. § 151. ment, or that he should be accountable to her

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

An indorsement may be so worded as to restrict the further negotiability of the instrument, and it is then called a "restrictive indorsement." Thus, "Pay the contents to J. S. only," or "to J. S. for my use," are restrictive indorsements, and put an end to-the negotiability of the paper. 1 Daniel, Neg. Inst § 698.