indorser
111residence — A term of dual meaning, sometimes meaning a temporary, permanent, or transient character of abode; at other times meaning one s fixed abode or domicil. 25 Am J2d Dom § 4. Sometimes a mere physical presence in a place; at other times an abiding in …
112satisfactory note — A promissory note given by a person of undoubted solvency or supported by surety or indorser of undoubted solvency. 46 Am J1st Sales § 179 …
113secured creditor — A creditor under an obligation secured as to payment by lien or incumbrance upon property of the debtor or a third person. In bankruptcy, a creditor who has security for his debt upon the property of a bankrupt of a nature to be assignable under… …
114transfer by indorsement — The endorsement and delivery of a negotiable instrument to the indorsee. Such delivery may be actual, as where it is manually handed by one to the other, or it may be constructive, as where the indorser puts the instrument in the power or under… …
115waiver of notice of dishonor — An oral or written, express or implied relinquishment by an indorser of a negotiable instrument, either before or after the time for giving notice has arrived, of his right to be notified of the dishonor of the instrument. 11 Am J2d B & N §§ 831… …
116without recourse — A form of qualified indorsement, exonerating the indorser from liability as such. Bank of St. Albans v Gilliland (NY) 23 Wend 311. Words used or directly implied by an assignor to negative any guaranty of the assigned obligation. 6 Am J2d Assign… …
117accommodation endorser — noun a person who endorses a promissory note without compensation or benefit but simply as a favor to the borrower • Hypernyms: ↑endorser, ↑indorser …
118signer — noun 1. someone who can use sign language to communicate • Derivationally related forms: ↑sign • Hypernyms: ↑communicator 2. someone who signs and is bound by a document • Syn: ↑signatory • Derivation …
119aval — aˈval noun ( s) Etymology: French civil law : a written engagement by one not a drawer, acceptor, or indorser of a note or bill of exchange that it will be paid at maturity …
120qualified endorsement — noun : an endorsement passing title to a commercial paper but disclaiming liability of the indorser should the party primarily liable fail to pay when due * * * qualified endorsement, (in business) an endorsement with the words “without recourse” …
