Indorse - definitie. Wat is Indorse
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Wat (wie) is Indorse - definitie

SECTION 16
Blank indorsement; Indorse

indorse         
v. a.
[Written also Endorse.]
1.
Superscribe, write on the back of.
2.
Sanction, approve, confirm, ratify, vouch for.
Indorse         
·vt To cover the back of; to load or burden.
II. Indorse ·vt To write upon the back or outside of a paper or letter, as a direction, heading, memorandum, or address.
III. Indorse ·vt To give one's name or support to; to Sanction; to aid by approval; to Approve; as, to indorse an Opinion.
IV. Indorse ·vt To write one's name, alone or with other words, upon the back of (a paper), for the purpose of transferring it, or to secure the payment of a /ote, draft, or the like; to guarantee the payment, fulfillment, performance, or validity of, or to certify something upon the back of (a check, draft, writ, warrant of arrest, ·etc. ).
indorse         
¦ verb US spelling of endorse.

Wikipedia

Blank endorsement

Blank endorsement of a financial instrument, such as a cheque, is only a signature, not indicating the payee. The effect of this is that it is payable only to the bearer – legally, it transforms an order instrument ("pay to the order of (the payee)") into a bearer instrument ("pay to the bearer"). It is one of the types of endorsement of a negotiable instrument.

It is "an endorsement consisting of nothing but a signature and allowing any party in possession of the endorsed item to execute a claim."

A blank endorsement is a commonly known and accepted term in the legal and business worlds.

This is also called an endorsement in blank or blank endorsement.

The prevalent spelling in American English is endorsement; the minority convention, indorsement, is found in older American documents, although the revised Uniform Commercial Code Article on negotiable instruments retains the older spelling.