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Indorsement 'in Blank' And 'in Full' - Definition - Law Dictionary Home Dictionary Definition indorsement-in-blank-and-in-full

Definition :

Indorsement 'in blank' and 'in full', s. 16 indorse-ment 'in blank' and 'in full' 'indorsee'. - If the indorser signs his name only, the indorsement is said to be 'in blank', and if he adds a direction to pay the amount mentioned in the instrument to, or the order of, a specified person, the indorsement is said to be 'in full', and the person so specified is called the 'indorsee' of the instrument. [Nego-tiable Instruments Act, 1881 (26 of 1881), s. 16]

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