Prior to the simple Demand we used the verbiage about non-negotiable or non-redeemable. That is far less clear. When you negotiate instruments you are always expected to trade at a profit. Otherwise you are irresponsible. When you redeem you must redeem in lawful money from hence the notes came.






It is probably wise to start calling redeeming lawful money non-endorsement. Your bank will likely refer to it as a restricted endorsement.

About all the other verbiage - I agree that they do not seem to accomplish much. But what do you think they do? Maybe you need to evaluate what your objective is.