endorsement in blank

endorsement in blank definition - business

endorsement in blank

An endorsement of a negotiable instrument by the owner without any transferee being named. Such an endorsement is risky, because anyone coming into possession of the negotiable instrument may become its new owner.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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