An indorsement in blank is one in which the indorser does not designate a specific person as the one to whom the bill is to be payable. |
The throat-rumble arose in the great room, and man nodded to man with indorsement and certitude. |
Should we say indorsement or indorsation? In England, we always use the word indorsement. In Scotland, the term more generally used is indorsation. |
The provision does not assume that, if in its original tenor the cheque is payable to bearer, it cannot be changed to an order instrument by a special indorsement. |
The reason for this is that bankers' drafts are made payable to the payee's order, which means that transfer can be effected only by means of the payee's genuine indorsement. |