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Indorse
Blank endorsement of a financial instrument, such as a cheque, is only a signature, not indicating the payee. The effect of this is that it is payable only to the bearer – legally, it transforms an order instrument (“pay to the order of (the payee)”) into a bearer instrument (“pay to the bearer”). It is one of the types of endorsement of a negotiable instrument.
It is “an endorsement consisting of nothing but a signature and allowing any party in possession of the endorsed item to execute a claim.”
A blank endorsement is a commonly known and accepted term in the legal and business worlds.
This is also called an endorsement in blank or blank endorsement.
The prevalent spelling in American English is endorsement; the minority convention, indorsement, is found in older American documents, although the revised Uniform Commercial Code Article on negotiable instruments retains the older spelling.
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Indorse (verb)
alternative form of endorse
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Endorse (verb)
To support, to back, to give one’s approval to, especially officially or by signature.
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Endorse (verb)
To write one’s signature on the back of a cheque, or other negotiable instrument, when transferring it to a third party, or cashing it.
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Endorse (verb)
To give an endorsement.
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Endorse (noun)
A diminutive of the pale, usually appearing in pairs on either side of a pale.