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LSDefine

Simple English definitions for legal terms

indorsement

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A quick definition of indorsement:

Indorsement: When you sign the back of a piece of paper that says someone owes you money, it means you are giving that paper to someone else so they can collect the money instead. It's like saying, "I got paid, and now I'm giving this to you so you can get paid too." This is also called "endorsement."

A more thorough explanation:

Definition: Indorsement, also spelled "endorsement," refers to the act of signing the back of a negotiable instrument to transfer the instrument or acknowledge payment of a debt.

Example: When a person receives a check, they can indorse it by signing their name on the back and then depositing it into their bank account. This act transfers the ownership of the check to the bank, allowing them to collect the funds from the check writer's account.

Explanation: Indorsement is a crucial part of the negotiation process for negotiable instruments like checks, promissory notes, and bills of exchange. By signing the back of the instrument, the indorser is indicating their agreement to the terms of the instrument and transferring their ownership rights to another party. This can be done for a variety of reasons, such as to pay off a debt or to transfer funds to another person or entity.

indorse | inducement of infringement

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
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
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