Blank Endorsement (Noun)
Meaning
An endorsement on commercial paper naming no payee and so payable to the bearer.
Classification
Nouns denoting communicative processes and contents.
Examples
- The negotiable check was signed with a blank endorsement, allowing anyone to cash it.
- She signed the back of the money order with a blank endorsement and left it on her desk.
- After receiving the check, he removed the restriction by converting it to a blank endorsement.
- However, once she added her blank endorsement, the check's ownership was transferred instantly.
- A blank endorsement on a draft transforms it into a bearer instrument immediately.