TeachMeFinance.com - explain Blank indorsement
Blank indorsement -- A blank indorsement on a check, bill of
exchange (draft), promissory note or other negotiable instrument
or paper is when the paper is not transferred specifically
to a new holder, but when the name of the payee (the holder ;
that is, the owner of the paper) is written alone (by itself) on
the back of the paper.
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