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LSDefine

Simple English definitions for legal terms

blank indorsement

Read a random definition: interpretative rule

A quick definition of blank indorsement:

A blank endorsement is when someone signs the back of a piece of paper that can be used as money, like a check, but doesn't write a specific person's name on it. This means that anyone who has the paper can use it as money. There are other types of endorsements that have different rules, like ones that limit who can use the paper or ones that protect the person who signed it. But a blank endorsement is like giving someone a blank check - they can fill in any amount they want and use it however they like.

A more thorough explanation:

A blank indorsement is when a person signs the back of a negotiable instrument, like a check or promissory note, without naming a specific payee. This makes the instrument payable to the bearer and negotiable by delivery only.

For example, if John Smith writes a check to Jane Doe and she signs the back without naming anyone else, it becomes a blank indorsement. This means that anyone who possesses the check can cash it or deposit it into their own account.

Blank indorsements are often used when the payee wants to transfer the instrument to someone else without specifying who that person is. However, they can also be risky because they make it easier for someone to steal or forge the instrument.

blank-forms rule | blank stock

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JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
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