How Do You Spell INDORSEE?

1. Indorsee is a term used in the field of finance and specifically in relation to negotiable instruments such as checks or promissory notes. An indorsee refers to the individual or entity who has received the instrument through endorsement, thereby gaining the right to the instrument's payment or other benefits.

   When a negotiable instrument is indorsed, the original holder endorses the instrument by signing the back of it and transferring it to someone else. The individual or entity who receives the instrument through this process is known as the indorsee. This transfer of ownership is a crucial step in the negotiation of negotiable instruments.

   The indorsee assumes the rights, title, and interest to the instrument, making them eligible for payment or other benefits which the instrument may provide. For example, if a payee endorses a check and transfers it to another person, that person becomes the indorsee and can now freely pass the instrument to someone else or deposit it into their own account.

   In broader terms, indorsee can also refer to the person or entity to whom an endorsement is addressed or directed. This typically occurs when the endorsement specifies a particular recipient or restricts further negotiation. In such cases, the indorsee becomes the final intended party for the instrument as per the endorsement's instructions.

   Overall, the term indorsee is an important aspect of negotiable instruments as it signifies the transfer of ownership and the subsequent entitlement to the instrument's payment or benefits.

2. The person to whom a note or bill of exchange is indorsed.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for INDORSEE

The word "indorsee" has its etymology rooted in the verb "endorse".

"Endorse" originated from the Medieval Latin word "indorsare", which means "to write on the back". This later evolved in Old French to "endosser", still carrying the meaning of "to put on one's back".

In the 16th century, the word found its way into English as "endorse", referring to the act of signing one's name on the back of a document, usually a check or a bill of exchange, to transfer ownership or rights to another person.

The noun form "indorsee" is derived from "endorse", typically denoting the party to whom the document is transferred or the person in whose favor it is endorsed.

Idioms with the word INDORSEE

Plural form of INDORSEE is INDORSEES