Indorsement meaning

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

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

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

The signature itself.