INDORSING Meaning and
Definition
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Indorsing, also commonly spelled as endorsing, is a term used in banking and finance, specifically in relation to negotiable instruments such as checks and promissory notes. It refers to an act of signing the back of such a document to transfer or guarantee the payment of the amount stated therein.
An endorsement can take several forms, including a simple signature or a more detailed statement. By indorsing a negotiable instrument, the party performing the act becomes legally liable for the payment or transfer of the instrument. This act of indorsing signifies the individual's approval or support, hence the term "indorsement."
There are different types of endorsements, each with varying legal implications. A blank endorsement only includes the signature of the indorser, making the instrument payable to whoever possesses it. Special endorsements, on the other hand, involve a signature along with the name of the designated recipient, transferring the instrument exclusively to that individual. Restrictive endorsements add additional instructions or limitations to the instrument's payment or transfer.
The process of indorsing is essential for negotiable instruments to function effectively in monetary transactions. It provides reassurance to subsequent holders regarding the legitimacy and payment guarantee of the instrument. Indorsing also allows for the negotiation, assignment, or collection of the instrument by parties other than the original payee, facilitating secure and efficient commerce.
Common Misspellings for INDORSING
- jndorsing
- kndorsing
- ondorsing
- 9ndorsing
- 8ndorsing
- ibdorsing
- imdorsing
- ijdorsing
- ihdorsing
- insorsing
- inxorsing
- incorsing
- inrorsing
- ineorsing
- indirsing
- indkrsing
- indlrsing
- indprsing
- ind0rsing
Etymology of INDORSING
The word "indorsing" comes from the Latin word "indorsare", which means "to write on the back". It is derived from the combination of the Latin prefix "in-" (meaning "upon" or "on") and the Latin word "dorsum" (meaning "back"). In the context of the word "indorsing", it refers to writing on the back of a document, particularly in the case of endorsing a check or signing a bill of exchange. Over time, the spelling shifted from "indorsing" to "endorsing" in modern English usage.
Similar spelling words for INDORSING
- Undersong,
- undressing,
- untracing,
- undersaying,
- antiracing,
- underusing,
- wondersong,
- intersowing,
- interessing,
- winterising,
- Endorsing,
- Indorsing,
- winterizing,
- undersung,
- untrussing,
- Interoceanic.
Conjugate verb Indorsing
CONDITIONAL
I
would indorse
we
would indorse
you
would indorse
he/she/it
would indorse
they
would indorse
FUTURE
I
will indorse
we
will indorse
you
will indorse
he/she/it
will indorse
they
will indorse
FUTURE PERFECT
I
will have indorsed
we
will have indorsed
you
will have indorsed
he/she/it
will have indorsed
they
will have indorsed
PAST
I
indorsed
we
indorsed
you
indorsed
he/she/it
indorsed
they
indorsed
PAST PERFECT
I
had indorsed
we
had indorsed
you
had indorsed
he/she/it
had indorsed
they
had indorsed
PRESENT
I
indorse
we
indorse
you
indorse
he/she/it
indorses
they
indorse
PRESENT PERFECT
I
have indorsed
we
have indorsed
you
have indorsed
he/she/it
has indorsed
they
have indorsed
I
am indorsing
we
are indorsing
you
are indorsing
he/she/it
is indorsing
they
are indorsing
I
was indorsing
we
were indorsing
you
were indorsing
he/she/it
was indorsing
they
were indorsing
I
will be indorsing
we
will be indorsing
you
will be indorsing
he/she/it
will be indorsing
they
will be indorsing
I
have been indorsing
we
have been indorsing
you
have been indorsing
he/she/it
has been indorsing
they
have been indorsing
I
had been indorsing
we
had been indorsing
you
had been indorsing
he/she/it
had been indorsing
they
had been indorsing
I
will have been indorsing
we
will have been indorsing
you
will have been indorsing
he/she/it
will have been indorsing
they
will have been indorsing
I
would have indorsed
we
would have indorsed
you
would have indorsed
he/she/it
would have indorsed
they
would have indorsed
I
would be indorsing
we
would be indorsing
you
would be indorsing
he/she/it
would be indorsing
they
would be indorsing
I
would have been indorsing
we
would have been indorsing
you
would have been indorsing
he/she/it
would have been indorsing
they
would have been indorsing
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