Allonge,
Definition of Allonge:
An allonge is a sheet of paper that is attached to a negotiable instrument, such as a bill of exchange. Its purpose is to provide space for additional endorsements when there is no longer sufficient space on the original instrument. The word “allonge” derives from the French word allonger, which means “to lengthen.".
A slip of paper attached to the end of a document to give room for further endorsements.
Allonges are commonly used on bills of exchange, which are a type of negotiable instrument in which one party agrees to pay a specified sum of money to another party, either immediately or on a future date. BIlls of exchange generally do not involve any interest payments, making them essentially post-dated checks.
Slip of paper attached to a negotiable instrument (or contract) to receive additional endorsements (or signatures) after the space provided in the original document is filled. French for, lengthening. See also rider.
Synonyms of Allonge
Appendix, Codicil, Postscript, Afterword, Tailpiece, Rider, Coda, Supplement, Accompaniment
How to use Allonge in a sentence?
- Allonges are physical sheets of paper used to provide additional space on a contract.
- Today, allonges are relatively rare as contracts are increasingly drafted and amended electronically.
- The endorsements are given either on the bill itself or an allonge, are expressed by the words bon pour aval or their equivalent, and signed.
- They are commonly associated with negotiable instruments such as bills of exchange.
Meaning of Allonge & Allonge Definition
