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LSDefine

Simple English definitions for legal terms

indorser

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A quick definition of indorser:

Indorser: A person who signs their name on a piece of paper that can be traded for money. They are not the original person who made the paper, but they are giving their approval for someone else to use it. Sometimes, an indorser might sign as a way to help someone else get money, like a guarantor.

A more thorough explanation:

Definition: An indorser is a person who transfers a negotiable instrument by endorsement. This means they sign the instrument to transfer ownership to someone else. An indorser is not the maker, drawer, or acceptor of the instrument.

Example: John writes a check to Sarah for $100. Sarah endorses the check by signing the back and gives it to Tom. Tom is now the indorsee (the person who receives the endorsed instrument) and John is the indorser (the person who signed the instrument to transfer ownership).

Another example: Mary is buying a car from Bob. She doesn't have all the money upfront, so she signs a promissory note to Bob for the remaining balance. Mary's friend, Jane, agrees to help her out and signs the promissory note as an accommodation indorser. This means Jane is acting as a surety for Mary and promises to pay the balance if Mary cannot.

These examples illustrate how an indorser transfers ownership of a negotiable instrument to someone else. In the first example, Sarah endorses the check to transfer ownership to Tom. In the second example, Jane signs the promissory note to help Mary out and promises to pay if Mary cannot.

indorsee | in dote aestimata

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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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