| Dictionary |
|
indorsement A writing on the back of an instrument. Indorsement is a mode of transference of bills of exchange, bills of lading, etc., consisting of the signature of the person to whom the instrument is payable on the back of the instrument and delivery to the transferee (called an indorsement in blank). A special indorsement specifies the name of the transferee. |
|
See Also: Statutory Definition |