Dictionary - Definition of INDORSEE


Part of Speech	Definition
Noun	1. The person to whom a note or bill is indorsed, or assigned by indorsement.[Websters].
Source: Webster's Revised Unabridged Dictionary (1913)		Top

"Indorsee" is a common misspelling or typo for: indorsed, indorses, indorse.

Date "Indorsee" was first used in popular English literature: sometime before 1828. (references)

Specialty Definition: INDORSEE

Domain	Definition
Noah Webster	[Noun] The person to whom a note or bill is indorsed, or assigned by indorsement.. Source: Webster's 1828 American Dictionary.
Law	INDORSEE, contracts. 1. The person in whose favor an indorsement is made, 2. He is entitled to all the rights of the endorser, and, if the bill or note have been indorsed over to him before it became due, he may be entitled to greater rights than the payee and endorser would have had, had he retained it till it became due, as none of the parties can make a set-off, or inquire into the consideration of the bill which he then holds. If he continues to be the holder (q.v.) when the bill becomes due, he ought to make a legal demand, and give notice in case of non-acceptance or non-payment. Chitty on Bills, passim. (references)
Source: compiled by the editor from various references; see credits.		Top


Part of Speech	Definition
Noun	1. The person to whom a note or bill is indorsed, or assigned by indorsement.[Websters].
Source: Webster's Revised Unabridged Dictionary (1913)		Top

Date "INDORSEE" was first used in popular English literature: sometime before 1828. (references)

Domain	Definition
Noah Webster	[Noun] The person to whom a note or bill is indorsed, or assigned by indorsement.. Source: Webster's 1828 American Dictionary.
Law	INDORSEE, contracts. 1. The person in whose favor an indorsement is made, 2. He is entitled to all the rights of the endorser, and, if the bill or note have been indorsed over to him before it became due, he may be entitled to greater rights than the payee and endorser would have had, had he retained it till it became due, as none of the parties can make a set-off, or inquire into the consideration of the bill which he then holds. If he continues to be the holder (q.v.) when the bill becomes due, he ought to make a legal demand, and give notice in case of non-acceptance or non-payment. Chitty on Bills, passim. (references)
Source: compiled by the editor from various references; see credits.		Top