Endorsement
"What is a blank endorsement?"
Quick Answer
The act of signing the back of a negotiable instrument (like a cheque or promissory note) to transfer the rights inherent in the instrument to another party.
Scope and Legal Distinctions
An endorsement transfers or otherwise affects rights in a negotiable instrument according to its form and wording. It differs from assigning an ordinary invoice receivable.
What to Check in Practice
Check the original, chain of endorsements, restrictions and delivery; identify which signatories may face recourse.
Sources & Authorities
Statutory framework and official guidance for this definition.
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