Endorsement


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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Endorsement

 

a transfer signature, that is, a signature written on the back of a draft, check, bill of lading, or some other type of security to establish transfer of legal title of these documents from one person (the endorser) to another. The endorsement may be a full endorsement, that is, an endorsement to the order of a person (indicating to whom or to whose order the document is transferred), or a blank endorsement (to bearer). The endorsement on a draft or check makes the endorser liable for the amount indicated on the document.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
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It likewise provides for an appeal mechanism should the applicant found the reasons for unfavorable endorsement to be unjustified.
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