indorser
81liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …
82accommodation — /akomsdeyshan/ An arrangement or engagement made as a favor to another, not upon a consideration received. Something done to oblige, usually spoken of a loan of money or commercial paper; also a friendly agreement or composition of differences.… …
83accommodation paper — An accommodation bill or note is one to which the accommodating party, be he acceptor, drawer, or indorser, has put his name, without consideration, for the purpose of benefiting or accommodating some other party who desires to raise money on it …
84approved indorsed notes — Notes indorsed by another person than the maker, for additional security, the indorser being satisfactory to the payee. See accommodation paper accommodation party …
85drawer — The person who draws a bill or draft. The drawer of a check is the person who signs it. The person who creates or executes a draft, that is, issues it, and in signing the instrument gives the order to pay contained therein. The drawer engages… …
86endorser — See indorser …
87guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …
88in blank — A term applied to the indorsement of a bill or note where it consists merely of the indorser s name, without restriction to any particular indorsee. U.C.C. No. 3 204(2) …
89indorsee — /andorsiy/indorsiy/ The person to whom or for whose benefit an instrument, document or other commercial paper is indorsed, usually referring to the indorser s transferee …
90liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… …
