endorsement liability
1endorsement — en·dorse·ment also in·dorse·ment n 1: the act or process of endorsing 2: an inscription (as a signature or notation) on a document or instrument; esp: an inscription usu. on the back of a negotiable instrument that transfers or guarantees the… …
2endorsement — A written statement on a document, usually on the back of the document, in which the owner assigns his rights to an individual or entity named in the endorsement. American Banker Glossary * * * endorsement en‧dorse‧ment [ɪnˈdɔːsmənt ǁ ɔːr ] also… …
3Broad Form Property Damage Endorsement — An addition to a general liability policy. A broad form property damage endorsement eliminates the exclusion of property under the care of the insured. A higher premium is most often paid for this additional insurance. General liability insurance …
4qualified endorsement — noun : an endorsement passing title to a commercial paper but disclaiming liability of the indorser should the party primarily liable fail to pay when due * * * qualified endorsement, (in business) an endorsement with the words “without recourse” …
5Accommodation Endorsement — A written agreement from one entity to back the credit liability of another. This insurance is made without consideration, and adds strength to the creditworthiness of the insured entity. This would usually be made by a parent company to a… …
6indorser's liability — The liability incurred by the endorsement of a negotiable instrument. 11 Am J2d B & N §§ 598 et seq …
7qualified 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. Bloomberg Financial Dictionary …
8commercial transaction — ▪ economics Introduction in law, the core of the legal rules governing business dealings. The most common types of commercial transactions, involving such specialized areas of the law and legal instruments as sale of goods and documents of… …
9insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …
10Negotiable Instruments Act, 1881 — The Negotiable Instruments Act, 1881 An Act to define and Law relating to Promissory Notes, Bills of Exchange and cheques. Citation Act No. 26 of 1881 …