endorser's writing on a check limiting his liability in event of nonpayment or nonacceptance of an instrument. It usually is written with the words without recourse, or similar words to indicate the endorser is not secondarily liable for payment.
endorsement that contains wording designed to limit the endorser's liability. "Without recourse" means that if the instrument is not honored, the endorser is not responsible.
endorsement (signature on the back of a check or other negotiable instrument transferring the amount to someone other than the one to whom it is payable) that contains wording designed to limit the endorser's liability. "Without recourse," the most frequently seen example, means that if the instrument is not honored, the endorser is not responsible. Where qualified endorsements are restrictive (such as "for deposit only") the term restricted endorsement is preferable.
