indorsee


Also found in: Legal.
Related to indorsee: endorsee, indorser

indorsee

(ˌɪndɔːˈsiː; ɪnˈdɔːsiː)
n
(Commerce) a variant of endorsee
References in periodicals archive ?
(152) New York's UCC [section] 3-204 pertains to blank indorsements, which "specif[y] no particular indorsee and may consist of a mere signature.
(32) The defendant's argument seemed weak because under what is known as the holder in due course rule, an indorsee can enforce a bill if he acquired it "without any notice of facts which impeach its validity." (33) In effect, the bill is like cash, and its origins are less important than its face value.
When the assignee is specifically identified, the indorsement is called a special indorsement, and the note becomes payable to the indorsee. (5) A note may also be assigned by a separate written assignment.