Nonrestrictive No instructions or conditions are attached to the payment of funds Restrictive Conditions or instructions restrict the indorsee's rights Qualifed Disclaims or limits the liability of the indorsee holder what the transferee becomes if a negotiable instrument has been transferred by negotiation Blank Does not specify a particular indorsee principal a person who authorizes an agent to sign a negotiable instrustment to his or her behalf agent a person who has been authorized to sign a negotiable instrument on behalf of another person bearer paper an instrument that is negotiated by delivery; indorsement is not neccessary allonge a seperate piece of paper attached to an instrument on which the indorsement is written Transferability and Holder in Due course
The Office, procedures 