'Qualified indorsement' definitions:

Definition of 'Qualified indorsement'

From: GCIDE
  • 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]