Qualified indorsement

Qualified indorsement
Qualified Qual"i*fied, a. 1. Fitted by accomplishments or endowments. [1913 Webster]

2. Modified; limited; as, a qualified statement. [1913 Webster]

{Qualified fee} (Law), a base fee, or an estate which has a qualification annexed to it, the fee ceasing with the qualification, as a grant to A and his heirs, tenants of the manor of Dale.

{Qualified indorsement} (Law), an indorsement which modifies the liability of the indorser that would result from the general principles of law, but does not affect the negotiability of the instrument. --Story.

{Qualified negative} (Legislation), a limited veto power, by which the chief executive in a constitutional government may refuse assent to bills passed by the legislative body, which bills therefore fail to become laws unless upon a reconsideration the legislature again passes them by a certain majority specified in the constitution, when they become laws without the approval of the executive.

{Qualified property} (Law), that which depends on temporary possession, as that in wild animals reclaimed, or as in the case of a bailment. [1913 Webster]

Syn: Competent; fit; adapted.

Usage: {Qualified}, {Competent}. Competent is most commonly used with respect to native endowments and general ability suited to the performance of a task or duty; qualified with respect to specific acquirements and training. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • qualified indorsement — See conditional indorsement …   Ballentine's law dictionary

  • Qualified — Qual i*fied, a. 1. Fitted by accomplishments or endowments. [1913 Webster] 2. Modified; limited; as, a qualified statement. [1913 Webster] {Qualified fee} (Law), a base fee, or an estate which has a qualification annexed to it, the fee ceasing… …   The Collaborative International Dictionary of English

  • Qualified fee — Qualified Qual i*fied, a. 1. Fitted by accomplishments or endowments. [1913 Webster] 2. Modified; limited; as, a qualified statement. [1913 Webster] {Qualified fee} (Law), a base fee, or an estate which has a qualification annexed to it, the fee… …   The Collaborative International Dictionary of English

  • Qualified negative — Qualified Qual i*fied, a. 1. Fitted by accomplishments or endowments. [1913 Webster] 2. Modified; limited; as, a qualified statement. [1913 Webster] {Qualified fee} (Law), a base fee, or an estate which has a qualification annexed to it, the fee… …   The Collaborative International Dictionary of English

  • Qualified property — Qualified Qual i*fied, a. 1. Fitted by accomplishments or endowments. [1913 Webster] 2. Modified; limited; as, a qualified statement. [1913 Webster] {Qualified fee} (Law), a base fee, or an estate which has a qualification annexed to it, the fee… …   The Collaborative International Dictionary of English

  • indorsement — /andorsmant/ The act of a payee, drawee, accommodation indorser, or holder of a bill, note, check, or other negotiable instrument, in writing his name upon the back of the same, with or without further or qualifying words, whereby the property in …   Black's law dictionary

  • indorsement — /andorsmant/ The act of a payee, drawee, accommodation indorser, or holder of a bill, note, check, or other negotiable instrument, in writing his name upon the back of the same, with or without further or qualifying words, whereby the property in …   Black's law dictionary

  • indorsement — Literally, as derived from the Latin indorsa, a writing on the back; employed in common as well as legal usage to designate the transaction whereby the holder of a bill or note transfers his right to such instrument to another person and incurs… …   Ballentine's law dictionary

  • qualified — Adapted; fitted; entitled; susceptible; capable; competent; fitting; possessing legal power or capacity; eligible; as a qualified voter (q.v.). Applied to one who has taken the steps to prepare himself for an appointment or office, as by taking… …   Black's law dictionary

  • without recourse — Words that may be used by a drawer in signing a draft or check so as to eliminate completely the drawer s secondary liability. This phrase, used in making a qualified indorsement of a negotiable instrument, signifies that the indorser means to… …   Black's law dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”