________ is defined to mean "a signature (other than that of a maker,drawer or acceptor) that alone or accompanied by other words,is made on an instrument for purpose of (i) negotiating the instrument,(ii) restricting payment of the instrument,or (iii) incurring indorser's liability on the instrument."

A) Indemnification
B) Recoupment
C) Indorsement
D) Ratification

Indorsement

The act of signing one's name on the back of a cheque or negotiable instrument, thereby transferring its ownership or altering its terms.

Negotiating the Instrument

Refers to the process of bargaining or discussing the terms of a financial document, such as a check or a bill of exchange, to reach an agreement.

Restricting Payment

Implies conditions or limitations placed on the distribution or release of funds.