Definitions
from The Century Dictionary.
- noun The person or party to whom any right is assigned or transferred by indorsement, as by indorsing a bill of exchange or other negotiable instrument.
from the GNU version of the Collaborative International Dictionary of English.
- noun The person to whom a note or bill is indorsed, or assigned by indorsement.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun The person to whom a
note orbill isindorsed , or assigned byindorsement .
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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The rule that a consideration is necessary to a valid contract applies to all contracts and engagements not under seal, except bills of exchange and negotiable notes after they have passed into the hands of an innocent indorsee.
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Now if any holder or indorsee wishes it paid to any particular person, he fills up the blank by writing a request to that effect above the name of the indorser, thus: "Pay to George Bruce," or "Pay to George Bruce or order;" who, again, may by indorsement order it paid to some particular person.
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Both have abandoned enquire for inquire, but they remain faithful to encumbrance, endorse and enclose, though they list indorsation and the Oxford also gives indorsee.
Chapter 8. American Spelling. 3. The Advance of American Spelling Henry Louis 1921
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A full or special indorse - ment is where the name of the indorsee, in Avhose iavour the indorsement is made, is mentioned, as thus, "Pay the con - tents to A.B. or order," and is subscribed with the name of the indorser.
The laws of trade and commerce, designed as a book of reference in mercantile transactions .. Williams, John, of the Inner Temple 1812
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Vests the title in the indorsee in trust for or to the use of some other person.
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To transfer his rights as such indorsee, where the form of the indorsement authorizes him to do so.
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An indorsement which pur - ports to transfer to the indorsee a part only of the amount payable, or which purports to transfer the instrument to two or more indorsees severally, does not operate as a nejjotiation of the instrument.
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Whcro the name of a payee or indorsee is wrongly designated or misspelled he may indorse the instrument as therein described, adding, if he thinks fit, his proper signature.
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But all subsequent indorsees acquire only the title of the first indorsee under the restrictive indorsement.
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A restrictive indorsement confers upon Rights of in - the indorsee the right: of r'tdctwr '
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