MLchartDataset catalogue

Indorse

Term · Law · MLC-T-LAW-002612

To sign one's name on the back of a negotiable instrument, such as a check or promissory note, to transfer ownership or to guarantee payment. This act, also spelled 'endorse,' makes the indorser liable for payment if the primary obligor defaults. The Uniform Commercial Code (UCC) governs the legal effects of indorsements.

Table 1. Record
IdentifierMLC-T-LAW-002612
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002612",
  "term": "Indorse",
  "field": "Law",
  "definition": "To sign one's name on the back of a negotiable instrument, such as a check or promissory note, to transfer ownership or to guarantee payment. This act, also spelled 'endorse,' makes the indorser liable for payment if the primary obligor defaults. The Uniform Commercial Code (UCC) governs the legal effects of indorsements.",
  "url": "https://mlchart.com/terminology/law/indorse/"
}

Record 2,537 of 5,441 in Law terminology (MLC-0107). Request the full dataset.