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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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shaquilleoatmeal
22:21
u ever call someone papacito ??
windyMagician
22:22
no unless they’re a literal child
shaquilleoatmeal
22:22
😧 well damn nvm then lmaoo
shaquilleoatmeal
22:23
youll be alright rabbit, you applied pretty recently so more decisions to come later on
is november considered late? i thought anything up till thanksgiving is still on the earlier side??
i'm just surprised nyu didn't straight up reject me given my stats
shaquilleoatmeal
22:25
no it is on the earlier side lol but you have to consider adcoms were out from dec 24 - jan 3rd so your apps realistically only been in for 4ish weeks
shaquilleoatmeal
22:26
looking at majority of your apps being end of nov not middle ^
windyMagician
22:27
crashing out rn
windyMagician
22:27
im never gonna have a husband
JumpySubsequentDolphin
22:28
same windy
windyMagician
22:30
no matter how hard i try i will never be serious relationship material
windyMagician
22:30
excluding my ex wasting two years of my life
CynicalOops
22:37
:(
@windyMagician: sometimes I think i'll never have a wife either
it be like that
c'est la vie
@curvy when did you apply to duke?
22:47
there is no such thing as “serious relationship material.” you’re a person and someone will love you for being that person and because they love you they want to be with you
bunny with the wisdom tonight
JumpySubsequentDolphin
22:54
@bunnynoise: this is so sweet youre so cute
22:59
should i write a 'why BU' or nah
23:00
i alr did a diversity statement but im debating a why BU. not sure if thatll affect their decision
jackfrost11770
23:05
BUNNY W THE WISDOM <3
Dkk
1:06
Lol ASU grants lady: https://www.youtube.com/watch?v=YFgqLkQwf7g
Dkk
1:07
Lesbian family destroyed by Disney
Dkk
1:07
lmfao
3:22
asu law has to be the biggest scam ever
3:22
went for admitted students day and the dean couldnt even answer a question straight
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