indorser
91with recourse — Term which may be used in indorsing negotiable instrument and by which the indorser indicates that he remains liable for payment of the instrument. See also recourse Compare without recourse …
92accommodation bill — A bill of exchange on which the maker, indorser, or acceptor has assumed liability, in order to tend the credit of his name to another party. 11 Am J2d B & N §121 …
93accommodation note — A promissory note on which the maker or indorser has assumed liability in order to lend his name to another person. 11 Am J2d B & N § 121 …
94accommodation paper — A bill or note which one has signed as a maker, drawer, acceptor, or indorser for the purpose of lending the credit of his name to another. 11 Am J2d B & N § 121 …
95accommodation party — A person who has signed a bill or note as maker, drawer, acceptor, or indorser for the purpose of lending his name to the credit of some other person. 11 Am J2d B & N § 12 1. Under the Commercial Code, absence of consideration is not a requisite… …
96all prior indorsements guaranteed — A phrase customarily added to the indorsement of the collecting bank. It is questionable whether the phrase adds anything to the liability of the bank as an indorser. Some authorities limit its meaning to the fact that the payee named actually… …
97any — A flexible word. In its broad, distributive sense, the sense in which the word is frequently used, it may have the meaning of all, every, or each one of all. Its meaning is often restrained, limited, or influenced by the subject matter or manner… …
98bound — Noun: A boundary. In an indorser s waiver of protest of a note, in which he stipulates to be bound as if protest had been made, the word bound has been held to amount to a waiver of both demand and notice, since otherwise the stipulation would be …
99conditional indorsement — An indorsement of a negotiable instrument to which there is added to the signature of the indorser the words without recourse, or words of similar import. Uniform Negotiable Instruments Law § 38; Anno: 91 ALR 399; 11 Am J2d B & N § 363 …
100fictitious credit — An indorsement on a promissory note, made without the authority of the maker or any indorser, of credit for a payment not made. 4 Am J2d Alt Inst § 62. Such an indorsement is sometimes made by payee or indorsee for the purpose of tolling the… …
