Endorsement example sentences

It is also a document of title to the goods and as such is freely transferable by the endorsement and delivery.Endorsement means the writing of instructions to pay the cheque to a particular person and then singing it on the back of the cheque.An important point in connection with bill receivables and bills payable books is that they only record the transactions relating to drawing and acceptance of bills, all other transactions do not record the entire range of transactions relating to the bills, e.g. relating to bills discounted, endorsement, retirement, renewal etc.A debt can be settled by transferring a bill of exchange through endorsement and delivery.Firstly, the importer has to obtain a delivery order which is otherwise known as endorsement for delivery.It is also a document of title to the goods and as such is freely transferable by the endorsement and delivery.Generally when the ship arrives at the port, the importer obtains the endorsement on the back of the bill of lading.It is also a document of title to the goods and as such is freely transferable by the endorsement and delivery.The act of signing and transferring the bill is called endorsement.This endorsement is done by the concerned shipping company.An order cheque can be transferred by endorsement and delivery.

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