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Index >> Letter B  
       
Blank endorsement : meaning
 
 

As per Section 6 of Negotiable instrument Act.

If the endorser signs (on certain negotiable instrument or check) his name only, the endorsement is said to be "in blank".

If he adds a direction to pay the amount mentioned in the instrument to, or to the order of, a specified person, the endorsement is said to be "in full", and the person so specified is called the "endorsee" of the instrument.

Thus endorsement of a check or other negotiable paper without naming the person to whom it would be paid is called Blank Endorsement.

 

 

 

   

   
 
   

   
   
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