MLchartDataset catalogue

Blank endorsement

Term · Law · MLC-T-LAW-000738

A signature on a negotiable instrument, such as a check, without specifying to whom the instrument is payable. This type of endorsement makes the instrument payable to the bearer, meaning anyone who possesses it can cash or deposit it. It converts order paper into bearer paper, increasing its negotiability but also its risk.

Table 1. Record
IdentifierMLC-T-LAW-000738
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000738",
  "term": "Blank endorsement",
  "field": "Law",
  "definition": "A signature on a negotiable instrument, such as a check, without specifying to whom the instrument is payable. This type of endorsement makes the instrument payable to the bearer, meaning anyone who possesses it can cash or deposit it. It converts order paper into bearer paper, increasing its negotiability but also its risk.",
  "url": "https://mlchart.com/terminology/law/blank-endorsement/"
}

Record 539 of 5,445 in Law terminology (MLC-0107). Request the full dataset.