endorsement

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Related to indorsements: endorsements

Endorsement

A signature on a Commercial Paper or document.

An endorsement on a negotiable instrument, such as a check or a promissory note, has the effect of transferring all the rights represented by the instrument to another individual. The ordinary manner in which an individual endorses a check is by placing his or her signature on the back of it, but it is valid even if the signature is placed somewhere else, such as on a separate paper, known as an allonge, which provides a space for a signature.

The term endorsement is also spelled indorsement. For examples of different types of endorsements, see indorsement.

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. An endorsement may be made after a specific direction ("pay to Dolly Madison" or "for deposit only"), called a qualified endorsement, or with no qualifying language, thereby making it payable to the holder, called a blank endorsement. There are also other forms of endorsement which may give credit or restrict the use of the check. 2) the act of pledging or committing support to a program, proposal, or candidate. (See: negotiable instrument)

endorsement

(Backing), noun advertisement, approval, assistance, assurance, attestation, commendation, encouragement, imprimatur, license, patronage, recommendation, sanction, signature, stamp of approval, support, testimonial, testimony, vouch, word
Associated concepts: political endorsement

endorsement

(Signature), noun acceptance, approval, authorization, autograph, confirmation, execution, go-ahead, passage, permission, sanction, seal, signet, signing, sponsorship, stamp of approval, support, underwriting, warrant
Associated concepts: endorsement to an insurance policy
See also: acceptance, accommodation, acknowledgment, advocacy, affirmance, affirmation, aid, approval, assent, attestation, avowal, backing, certificate, certification, charter, confirmation, consent, corroboration, favor, guaranty, help, jurat, leave, license, permission, ratification, recommendation, reference, rider, sanction, stamp, subscription, support, vow

endorsement

1 see INDORSEMENT.
2 the marking of the details of a conviction on a driving licence. It is now the penalty points rather than the endorsements themselves that are of importance. See TOTTING UP.

ENDORSEMENT. Vide Indorsement.

References in periodicals archive ?
With securitized mortgages, careful presuit attention to, and review of, the loan documents and chain of title of the note, and, when necessary, the proper execution and/or recording of any missing assignments or indorsements, will provide lender's counsel with sufficient supporting evidence to establish standing in a verified complaint, and thus avoid many standing defenses.
She placed her indorsement on fabrics, dresses and millinery without his knowledge, and withheld the profits.
Moreover, missing or irregular indorsements or lost instruments compounded the problem by leaving gaps even in this minimal documentation.
For example, the check collection system no longer relies on examining indorsements and knowing the indorsers as a means of ensuring that a check is good.