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LSDefine

Simple English definitions for legal terms

indorsement

Read a random definition: exclusive franchise

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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