endorsement (redirected from indorsements)

endorsement

An owner's signature that serves to transfer the legal rights to a negotiable certificate to another party.

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Endorsement

1. The payee's signature on the back of a check indicating that the payee has received the check. Banks require that payees endorse checks before they may be cashed or deposited.

2. An amendment to a document, especially an insurance policy. Informally, they are called riders.

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endorsement

(also spelled indorsement) Placing one's signature on the back of a check or other negotiable instrument in order to transfer ownership to another.Endorsers warrant payment of the instrument unless they sign with the additional words “without recourse.”