District of Columbia Allonge
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How to fill out Allonge?
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FAQ
The act of a person who is a holder of a negotiable instrument in signing his or her name on the back of that instrument, thereby transferring title or ownership is an endorsement. An endorsement may be in favour of another individual or legal entity.
In business or legal matters, an endorsement refers to a signature or an equivalent stamp that authorizes payment or a transfer of funds, or other financial transaction. It also refers to a note, amendment, or clause to an official document or contract that modifies or specifies terms.
For example, a check indorsed by the payee (signed on the back) may be passed from one person to another and cashed in by any of them. A blank indorsement creates conditional contract liability in the indorser: he is liable to pay if the paper is dishonored.
(b) ?Indorser? means a person who makes an indorsement. (c) For the purpose of determining whether the transferee of an instrument is a holder, an indorsement that transfers a security interest in the instrument is effective as an unqualified indorsement of the instrument.
(a) ?Indorsement? means a signature, other than that of a signer as maker, drawer, or acceptor, that alone or accompanied by other words is made on an instrument for the purpose of (i) negotiating the instrument, (ii) restricting payment of the instrument, or (iii) incurring indorser's liability on the instrument, but ...
For example, a check indorsed by the payee (signed on the back) may be passed from one person to another and cashed in by any of them. A blank indorsement creates conditional contract liability in the indorser: he is liable to pay if the paper is dishonored.
Definition: An indorsee (also spelled endorsee) is a person who receives a negotiable instrument through endorsement. This means that the instrument, such as a check or promissory note, has been signed over to them by the original payee or holder.
An endorsement (indorsement) is an act of giving support, it can be either to someone or something, for example endorsing any skills.