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Allonge

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.06 sec.
Allonge
In countries operating under the Code Napoleon, an addendum to a contract or other transaction on which a party affixes his/her signature. The allonge often contains a summary of what the contract or transaction does, and a signature on the allonge indicates agreement to the contract. It was formerly often added to a bill of exchange, but this has become less common as bills of exchange have themselves become less common. It was never common in Anglo-American jurisdictions because, in common law, signing the contract itself is considered consent.


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In order to receive a distribution on the Payment Date, Registered Owners must physically present certificates representing the Debentures to the Agent so that it may affix certain legends and an allonge thereto indicating that a payment has been made.
 
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