Endorsement In Blank (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 bank required a specific endorsement to make the check payable to the new owner, rather than the endorsement in blank that made it negotiable to anyone.
- By signing her name in the endorsement section, she provided an endorsement in blank that would allow anyone to cash the check.
- In her haste, she inadvertently provided an endorsement in blank on the back of the check.
- The recipient was able to cash the check after discovering that it had an endorsement in blank.
- The company's policy was to use an endorsement in blank only for internal transactions to simplify handling.