Endorsee,
Definition of Endorsee:
A person to whom a check or bill of exchange is made payable instead of the stated payee.
Person or firm to whom a negotiable instrument (bill of exchange, bill of lading, delivery order, or other document of title) is transferred by endorsement. Also called a transferee or payee, the endorsee becomes a holder-in-due-course upon delivery of the endorsed document.
How to use Endorsee in a sentence?
- If a bill gives a wrong designation of the payee or an indorsee to whom it is payable, the person concerned may indorse it in the way he is described and may, further, add his ordinary signature.
Meaning of Endorsee & Endorsee Definition
