Blank Endorsement

Blank Endorsement
A signature by the creator of an instrument, such as a check, which enables any holder of the instrument to assert a claim for payment. Because no payee is specified, such an endorsement essentially turns the instrument into a bearer security.

The most well-known example of a blank endorsement is a check made payable to "cash" and endorsed on the back with the signature of the account holder. Blank endorsements are much more risky than pay-to endorsements. If the instrument is lost, it can be negotiated (cashed in or deposited) by anyone who finds it.

Investment dictionary. . 2012.

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Look at other dictionaries:

  • blank endorsement — see endorsement Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. blank endorsement …   Law dictionary

  • 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.It is an endorsement consisting of nothing but a signature and allowing any party in possession… …   Wikipedia

  • blank endorsement — n. an endorsement naming no payee, making the endorsed amount payable to the bearer …   English World dictionary

  • blank endorsement — noun an endorsement on commercial paper naming no payee and so payable to the bearer • Syn: ↑endorsement in blank • Hypernyms: ↑endorsement, ↑indorsement * * * noun : an endorsement of commercial paper that omits the name of a person in whose… …   Useful english dictionary

  • blank endorsement — an endorsement on a check or note naming no payee, and therefore payable to bearer. Also called endorsement in blank. * * * …   Universalium

  • blank endorsement — /blæŋk ənˈdɔsmənt/ (say blangk uhn dawsmuhnt) noun an endorsement on a cheque or note naming no payee, and payable to bearer …  

  • blank endorsement — /blæŋk ɪn dɔ:smənt/ noun an endorsement which consists of a signature, and no other details …   Dictionary of banking and finance

  • blank endorsement — signature (on a check, note, etc.) which makes it payable to anyone who possesses it …   English contemporary dictionary

  • endorsement — en·dorse·ment also in·dorse·ment n 1: the act or process of endorsing 2: an inscription (as a signature or notation) on a document or instrument; esp: an inscription usu. on the back of a negotiable instrument that transfers or guarantees the… …   Law dictionary

  • endorsement in blank — endorsement in blank: blank endorsement at endorsement Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

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