unqualified indorsement

An indorsement that does not limit the indorser’s liability on the paper.

• It does not, for example, include the phrase “without recourse.” [Cases: Bills and Notes 281, 287, 293. C.J.S. Bills and Notes; Letters of Credit §§ 147, 160.]

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词条贡献者

双语律师Benita，国际知名法学院金融专业，擅长翻译各类与项目开发及融资相关的法律文件。