indorser
21Indorsor — Indorser In*dors er, Indorsor In*dors or, n. The person who indorses. [Written also {endorser}.] [1913 Webster] …
22indorsement — /andorsmant/ The act of a payee, drawee, accommodation indorser, or holder of a bill, note, check, or other negotiable instrument, in writing his name upon the back of the same, with or without further or qualifying words, whereby the property in …
23indorsement — /andorsmant/ The act of a payee, drawee, accommodation indorser, or holder of a bill, note, check, or other negotiable instrument, in writing his name upon the back of the same, with or without further or qualifying words, whereby the property in …
24protest — A formal declaration made by a person interested or concerned in some act about to be done, or already performed, whereby he expresses his dissent or disapproval, or affirms the act against his will. The object of such a declaration is generally… …
25overdue — Past due. Having run beyond maturity. Sometimes the term overdue is used in reference to a right of action against a drawer or indorser of a bill of exchange. In that connection a bill is not overdue until presented to the payee for payment, and… …
26endorser — noun 1. someone who expresses strong approval • Syn: ↑subscriber, ↑indorser, ↑ratifier • Derivationally related forms: ↑ratify (for: ↑ratifier), ↑indorse ( …
27take up — To pay or discharge, as a note. Also, sometimes, to purchase a note. To retire a negotiable instrument; to discharge one s liability on it; said particularly of an indorser or acceptor. A party to a negotiable instrument, particularly an indorser …
28without recourse — Words that may be used by a drawer in signing a draft or check so as to eliminate completely the drawer s secondary liability. This phrase, used in making a qualified indorsement of a negotiable instrument, signifies that the indorser means to… …
29accommodated party — The person for whose benefit another known as the accomodation party signs a bill or note as maker, drawer, acceptor or indorser, thereby lending the credit of his name to the former. 11 Am J2d B & N § 121. An indorser is accommodated when the… …
30indorsement — Literally, as derived from the Latin indorsa, a writing on the back; employed in common as well as legal usage to designate the transaction whereby the holder of a bill or note transfers his right to such instrument to another person and incurs… …
