Legal Dictionary of Pakistan

conditional indorsement.

An indorsement that restricts the instrument in some way, as by limiting how the instrument can be paid or transferred; an endorsement giving possession of the instrument to the indorsee, but retaining title until the occurrence of some condition named in the endorsement. ( Wordings that indicate this type of indorsement are "Pay to Brad Jones when he becomes 18 years of age" and "Pay to Brigitte Turner, or order, unless before payment I give you notice to the contrary." Cf. special indorsement