Endorsers
/ɛnˈdɔrsərz/
Definitions
- (n.) Persons who sign their name on a negotiable instrument to transfer or guarantee payment.
The endorsers on the check are liable if the drawer defaults.
Forms
- endorser
Related terms
See also
Commentary
Typically used in commercial law relating to negotiable instruments such as checks or promissory notes; the role of endorsers may affect liability and transferability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.