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endorsement. (indorsement)n. 1) the act of the owner or payee signing his/her name to the back of a check, bill of exchange or other negotiable instrument so as to make it payable to another or cashable by any person.
What is indorsement in law?
An indorsement, also spelled as endorsement in some legal contexts, refers to the placement of a signature on the back of a negotiable instrument , such as a check, promissory note , or bill of exchange .
What do we mean by endorsement?
An endorsement is a statement or action which shows that you support or approve of something or someone. That adds up to an endorsement of the status quo. This is a powerful endorsement for his softer style of government. [ + for] Synonyms: approval, backing, support, championing More Synonyms of endorsement.
Whats the difference between indorsement and endorsement?
1. Think of endorsement as a public idea that was approved. 2. Think of indorsement as formal document that has a signature.
What is an example of an endorsement in law?
A signature is an endorsement. For example, when an employer issues a payroll check, it authorizes or endorses the transfer of money from the business account to the employee. The act of signing the check is considered an endorsement, which serves as proof of the payers intent to transfer funds to the payee.
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For example, if the holder of a check deposits it to the holders account in a depositary bank for collection and indorses the check by signing the holders name with the accompanying words for deposit only the purpose of the indorsement is both to negotiate the check to the depositary bank and to restrict payment of
What is the legal definition of endorse?
To endorse (or indorsement ) is the writing of ones name on part of an instrument as an authentication or transfer of an interest .
Related links
endorsement | Wex | US Law | LII / Legal Information Institute
An endorsement (or indorsement ) is the writing of ones name on the back of an instrument as an authentication or transfer of an interest .
X Endorsement (Hazardous Materials and Tank Vehicles) How
You must hold a valid CDL or be in the process of obtaining one. You must be a U.S. citizen or have permanent legal residency. You must have a clean driving
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