What does blank endorsement mean?
Definitions for blank endorsement
blank endorse·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word blank endorsement.
Princeton's WordNet
blank endorsement, endorsement in blanknoun
an endorsement on commercial paper naming no payee and so payable to the bearer
Wikipedia
Blank endorsement
Blank endorsement of a financial instrument, such as a cheque, is only a signature, not indicating the payee. The effect of this is that it is payable only to the bearer – legally, it transforms an order instrument ("pay to the order of (the payee)") into a bearer instrument ("pay to the bearer"). It is one of the types of endorsement of a negotiable instrument. It is "an endorsement consisting of nothing but a signature and allowing any party in possession of the endorsed item to execute a claim."A blank endorsement is a commonly known and accepted term in the legal and business worlds.This is also called an endorsement in blank or blank endorsement.The prevalent spelling in American English is endorsement; the minority convention, indorsement, is found in older American documents, although the revised Uniform Commercial Code Article on negotiable instruments retains the older spelling.
ChatGPT
blank endorsement
A blank endorsement is a signature by the creator of an instrument, such as a check, bill of exchange, or promissory note, which enables the holder to assert a claim for payment. It doesn't specify a particular payee, which means the endorsed item can be transferred to another party as a negotiable instrument.
Wikidata
Blank endorsement
Blank endorsement of a financial instrument, such as a check, is only a signature, not indicating the payee. The effect of this is that it is payable only to the bearer – legally, it transforms an order instrument into a bearer instrument. It is one of the types of endorsement of a negotiable instrument. It is "an endorsement consisting of nothing but a signature and allowing any party in possession of the endorsed item to execute a claim." A blank endorsement is a commonly known and accepted term in the legal and business worlds. This is also called an endorsement in blank or blank indorsement. The prevalent spelling in American English is endorsement; the minority convention, indorsement, is found in older American documents.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of blank endorsement in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of blank endorsement in Pythagorean Numerology is: 1
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"blank endorsement." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/blank+endorsement>.
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