| Part of Speech | Definition | |
| Noun | 1. A promotional statement (as found on the dust jackets of books).[Wordnet]
2. A speech seconding a motion.[Wordnet] 3. Formal and explicit approval.[Wordnet] 4. A signature that validates something.[Wordnet] 5. The act of endorsing.[Wordnet] 6. The act of writing on the back of a note, bill, or other written instrument.[Websters] 7. That which is written on the back of a note, bill, or other paper, as a name, an order for, or a receipt of, payment, or the return of an officer, etc.; a writing, usually upon the back, but sometimes on the face, of a negotiable instrument, by which the property therein is assigned and transferred.[Websters] 8. Sanction, support, or approval; as, the indorsement of a rumor, an opinion, a course, conduct.[Websters]. | |
Sources: WordNet 3.0 Copyright © 2006 by Princeton University. All rights reserved. Webster's Revised Unabridged Dictionary (1913) | Top | |
Date "INDORSEMENT" was first used in popular English literature: sometime before 1514. (references) |
| Note: Indorsement \In*dorse"ment\, noun. [From Indorse; compare to Endorsement.]. (references) |
Specialty Definition: INDORSEMENT
| Domain | Definition | ||
| Noah Webster | [Noun] indors'ment. The act of writing on the back of a note, bill, or other written instrument.. Source: Webster's 1828 American Dictionary. | ||
| Banking | A signature or stamp on a cash item by the payee or collecting institution. Note: Spelling can also be Endorsement. (references) | ||
| Finance | A signature on the back of a bill or cheque without further direction, by which the endorser transfers the ownership and rights attaching thereto to another person, the endorsee. Source: European Union. (references) | ||
| Law | 1: INDORSEMENT, crin. law, practice. When a warrant for the arrest of a person charged with a crime has been issued by a justice of the peace of one county, which is to be executed in another county, it is necessary in some states, as in Pennsylvania, that it should be indorsed by a justice of the county where it is to be executed: this indorsement is called backing. (q.v.). (references) | 2: INDORSEMENT, contracts. 1. In its most general acceptation, it is what is written on the back of an instrument of writing, and which has relation to it; as, for example, a receipt or acquittance on a bond; an assignment on a promissory note. 2. Writing one's name on the back of a bill of exchange, or a promissory note payable to order, is what is usually called, an indorsement. It will be convenient to consider, 1. The form of an indorsement; and, 2. Its effect. 3. - 1. An indorsement is in full, or in blank. In full, when mention is made of the name of the endorsee; and in blank, when the name of the endorsee is not mentioned. Chitty on Bills, 170; 13 Serg. & Rawle, 315. A blank indorsement is made by writing the name of the endorser on the back; a writing or assignment on the face of the note or bill would, however, be considered to have the force and effect of an indorsement. 16 East, R. 12. when an indorsement has been made in blank any after attempt to restrain the negotiability of the bill will be unavailing. 1 E.N. P. C. 180; 1 Bl. Rep. 295; Ham. on Parties 104. 4. Endorsements may also be restrictive conditional, or qualified. A restrictive indorsement may restrain the negotiability of a bill, by using express words to that effect, as by indorsing it "payable to J. S. only," or by using other words clearly demonstrating his intention to do so. Dougl. 637. The endorser may also make his indorsement conditional, and if the condition be not performed, it will be invalid. 4 Taunt. Rep. 30. A qualified indorsement is one which passes the property in the bill to the endorsee, but is made without responsibility to the endorser; 7 Taunt. R. 160; the words commonly used are, sans recourse, without recourse. Chit. on Bills, 179; 3 Mass. 225; 12 Mass. 14, 15. 5. - 2. The effects of a regular indorsement may be considered, 1. As between the endorser and the endorsee. 2. Between the endorser and the acceptor. And, 3. Between the endorser and future parties to the bill. 6. - 1. An endorsement is sometimes an original engagement; as, when a man draws a bill payable to his own order, and indorses it; mostly, however, it operates as an assignment, as when the bill is perfect, and the payee indorses it over to a third person. As an assignment, it carries with it all the rights which the endorsee had, with a guaranty of the solvency of the debtor. This guaranty is, nevertheless, upon condition that the holder will use due diligence in making a demand of payment from the acceptor, and give notice of non-acceptance or non-payment. 13 Serg. Rawle, 311. 7.-2. As between the endorsee and the acceptor, the indorsement has the effect of giving to the former all the rights which the endorser had against the acceptor, and all other parties liable on the bill, and it is unnecessary that the acceptor or other party should signify his consent or knowledge of the indorsement; and if made before the bill is paid, it conveys all these rights without any set-off, as between the antecedent parties. Being thus fully invested with all the rights in the bill, the endorsee may himself indorse it to another when he becomes responsible to all future patties as an endorser, as the others were to him. 8. - 3. The endorser becomes responsible by that act to all persons who may afterwards become party to the bill. Vide Chitty on Bills, ch. 4; 3 Kent, Com. 58; Vin. Abr. Indorsement; Com. Dig. Fait, E 2; 13 Serg. & Rawle, 311; Merl. Rpert. mot Endossement Pard. Droit Com. 344-357; 7 Verm. 356; 2 Dana, R. 90; 3 Dana, R. 407; 8 Wend. 600; 4 Verm. 11; 5 Harr. & John. 115; Bouv. Inst. Index, h.t. (references) | |
| Wiktionary | [Noun] Alternative spelling of endorsement. (references) | ||
Source: compiled by the editor from various references; see credits. | Top | ||
Common Expressions: INDORSEMENT
| Expressions | Definition | ||
| Qualified indorsement | (Law), an indorsement which modifies the liability of the indorser that would result from the general principles of law, but does not affect the negotiability of the instrument. --Story. Source: Webster's Revised Unabridged Dictionary. | ||
Source: compiled by the editor from various references; see credits. | Top | ||
Specialty Expressions: INDORSEMENT
| Expressions | Domain | Definition | |
| Blank indorsement | Law | BLANK INDORSEMENT, contrad. 1. An endorsement which does not mention the name of the person in whose favor it is made; it is usually made by writing the name of the endorser on the back of the bill. Chit. Bills, 170. 2. When a bill or note has been indorsed in blank, its negotiability cannot afterwards be restrained. 1 esp. N. P. Cas. 180; 1 Bl. Rep. 295. As many persons as agree may join in suing on a bill when indorsed in blank; for although it was given to one alone, yet by allowing the others to join in the suit, he has 'Made them sharers in his rights. 8 Camp. N. P. Cas. 239. Vide Endorsement; Negotiable paper; Restrictive endorsement. (references) | |
| Indorsement without recourse | Law | A'qualified indorsement'expressly negatives or limits the personal liability of the indorser. A common indorsement of this kind is one to which the words'sans recours'are added. Source: European Union. (references) | |
| Qualified indorsement | Law | QUALIFIED INDORSEMENT. A transfer of a bill of exchange or promissory note to an endorsee, without any liability to the endorser; the words usually employed for this purpose, are sans recourse, without recourse. 1 Bouv. Inst. n. 1138,. (references) | |
| Restrictive indorsement | Law | RESTRICTIVE INDORSEMENT, contracts. One which confines the negotiability of a promissory note or bill of exchange, by using express words to that effect, as by indorsing it "payable to A,B only." 1 Wash. C. C. 512; 2 Murph. 138; 1 Bouv. Inst. n. 1138. (references) | |
Source: compiled by the editor from various references; see credits. | Top | ||
