transfer by indorsement
31negotiation — /nagows(h)iyeyshan/ The transfer of an instrument in such form that the transferee becomes a holder. If the instrument is payable to order it is negotiated by delivery with any necessary indorsement; if payable to bearer it is negotiated by… …
32purchaser — One who acquires real property in any other mode than by descent. One who acquires either real or personal property by buying it for a price in money; a buyer; vendee. One who has contracted to purchase property or goods. Also, a successful… …
33indorser — One who indorses; one who signs as an indorser; even one who signs on the face of the instrument, provided he indicates his character as an indorser in writing appearing with the signature. Peoples Nat. Bank v Dicks, 258 Mich 441, 242 NW 825. One …
34pay only through clearing house — The usual form of indorsement of a check made by a collecting bank in sending the check to a clearing house, such being sufficient to transfer the instrument from the endorsing bank to the redeeming bank. 10 Am J2d Banks § 840 …
