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单词 endorsed in blank
释义

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endorsed in blank
A bill, cheque, etc. payable ‘to order’ must be ‘endorsed’ by the payee before it can be paid. If endorsed in blank (i.e. without the addition of words making it payable to a particular person), it becomes payable ‘to bearer’. Such documents may also be ‘endorsed’ by a subsequent holder, who thereby becomes responsible for their being paid (hence the figurative sense 2). Similarly, a bank note is often ‘endorsed’ to show that it has passed through the endorser's hands.extracted from endorseindorsev.
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更新时间:2024/11/10 20:04:49