blank endorsement

n. An endorsement of an instrument that specifies no payee, making the instrument payable to its bearer. Also called endorsement in blank.

blank endorsement

n (Commerce) an endorsement on a bill of exchange, cheque, etc, naming no payee and thus making the endorsed sum payable to the bearer. Also called: endorsement in blank

Thesaurus

Noun

blank endorsement - an endorsement on commercial paper naming no payee and so payable to the bearerendorsement in blankendorsement, indorsement - a signature that validates something; "the cashier would not cash the check without an endorsement"

Blank Endorsement

Related to Blank Endorsement: restrictive endorsement

Blank Endorsement

The writing of the name of a person who holds a negotiable instrument on the back of the document without specifically designating to whom the paper is to be paid, which transfers the rights that the signer had in the instrument to the person who presents it for payment.

When a person endorses a paycheck, for example, with just a signature, such as "John Jones," then the bank is authorized to pay the check to anyone who presents it for payment, since there is no specification or restriction as to whom the check can be paid. Such a signature is a blank endorsement. A negotiable instrument that has a blank endorsement is called bearer paper.

FinancialSeeendorsement in blank

blank endorsement

Related to blank endorsement: restrictive endorsement

noun

Synonyms for blank endorsement

noun an endorsement on commercial paper naming no payee and so payable to the bearer

Synonyms

endorsement in blank

Related Words

endorsement
indorsement

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