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1 definition found
 for Qualified indorsement
From The Collaborative International Dictionary of English v.0.48 :

  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]

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