Century Dictionary and Cyclopedia
- n. The person or party to whom any right is assigned or transferred by indorsement, as by indorsing a bill of exchange or other negotiable instrument.
GNU Webster's 1913
- n. The person to whom a note or bill is indorsed, or assigned by indorsement.
- indorse + -ee (Wiktionary)
“The rule that a consideration is necessary to a valid contract applies to all contracts and engagements not under seal, except bills of exchange and negotiable notes after they have passed into the hands of an innocent indorsee.”
“Now if any holder or indorsee wishes it paid to any particular person, he fills up the blank by writing a request to that effect above the name of the indorser, thus: "Pay to George Bruce," or "Pay to George Bruce or order;" who, again, may by indorsement order it paid to some particular person.”
“Both have abandoned enquire for inquire, but they remain faithful to encumbrance, endorse and enclose, though they list indorsation and the Oxford also gives indorsee.”
“A full or special indorse - ment is where the name of the indorsee, in Avhose iavour the indorsement is made, is mentioned, as thus, "Pay the con - tents to A.B. or order," and is subscribed with the name of the indorser.”
“An indorsement which pur - ports to transfer to the indorsee a part only of the amount payable, or which purports to transfer the instrument to two or more indorsees severally, does not operate as a nejjotiation of the instrument.”
“But all subsequent indorsees acquire only the title of the first indorsee under the restrictive indorsement.”
“A restrictive indorsement confers upon Rights of in - the indorsee the right: of r'tdctwr ”
“Vests the title in the indorsee in trust for or to the use of some other person.”
“To transfer his rights as such indorsee, where the form of the indorsement authorizes him to do so.”
“Whcro the name of a payee or indorsee is wrongly designated or misspelled he may indorse the instrument as therein described, adding, if he thinks fit, his proper signature.”
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