endorsement in blank

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Explanation of "Endorsement in Blank"

Definition:
An "endorsement in blank" is a term used in finance and banking. It refers to a signature or stamp on a financial document, like a check or a note, that does not specify a recipient (payee). This means that whoever holds the document can cash or deposit it.

Advanced Usage:

In legal or financial discussions, you might say, "An endorsement in blank increases the risk of theft since it allows any bearer to collect the funds."

Word Variants:

• Endorsement (the general term for signing a document to support or transfer rights)
• Endorser (the person who signs the document)
• Bearer (the person who holds the document and can claim the money)

Different Meanings:

• In general English, "endorsement" can also mean giving approval or support to something, like an endorsement of a product by a celebrity.

Synonyms:

• Blank endorsement
• Bearer instrument (when discussing financial documents)

Idioms and Phrasal Verbs:

While there may not be a common idiom or phrasal verb directly related to "endorsement in blank," you might encounter phrases like: - "Sign on the dotted line"—This means to formally agree to something, like signing a contract. - "Put pen to paper"—This means to write something down, often a signature on a document.

Conclusion:

An "endorsement in blank" is a specific way of signing a financial document that allows anyone who holds it to claim the funds.

Academic

Noun

1. an endorsement on commercial paper naming no payee and so payable to the bearer

Synonyms

• blank endorsement