Indorsement meaning

An indorsement placing special conditions upon the assignment of the instrument.
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The act of placing a signature on the back of a negotiable instrument in order to assign it to an indorsee.
noun
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A signature by a third party who is neither the payor or the payee, but is acting to guarantee payment by the former.
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A signature that names no payee, thereby making the instrument payable to the bearer.
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An indorsement naming the payee (or, for a transfer of goods, the person to whom they must be delivered).
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Alternative spelling of endorsement.
noun
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The signature itself.
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Origin of indorsement

  • indorse +"Ž -ment

    From Wiktionary