indorsee

/ ɪnˈdɔːsiː, ˌɪndɔːˈsiː /

noun

1. a variant of endorsee

Example Sentences

The person to whom a bill is transferred by indorsement is called the indorsee.

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The generic term “holder” includes any person in possession of a bill who holds it either as payee, indorsee or bearer.

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An indorsement in blank specifies no indorsee, and a note thus indorsed is payable to bearer and may be negotiated by delivery.

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Now if any holder or indorsee wishes it paid to any particular person, he fills up the blank by writing a request to that effect above the name of the indorser, thus: "Pay to George Bruce," or "Pay to George Bruce or order;" who, again, may by indorsement order it paid to some particular person.

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The rule that a consideration is necessary to a valid contract applies to all contracts and engagements not under seal, except bills of exchange and negotiable notes after they have passed into the hands of an innocent indorsee.

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