Indorsement Definition

The act of placing a signature on the back of a negotiable instrument in order to assign it to an indorsee.

The signature itself.

A signature by a third party who is neither the payor or the payee, but is acting to guarantee payment by the former.

A signature that names no payee, thereby making the instrument payable to the bearer.

An indorsement placing special conditions upon the assignment of the instrument.

An indorsement naming the payee (or, for a transfer of goods, the person to whom they must be delivered).