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Blank endorsement

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Blank endorsement
An endorsement consisting of nothing but a signature and allowing any party in possession of the endorsed item to execute a claim.
    
Blank endorsement of a financial instrument such as a check is only a signature, not indicating the payee. The effect of this is that it is payable only to the bearer. Endorsement can be signature on a negotiable instrument indicating a person's intent to become a party to the instrument. A specific example is a signature on the back of a check, authorizing it to be deposited by a Holder in due course.
Posted by  IQPC Ltd
 
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