Endorsed in blank意思
"Endorsed in blank" is a term used in the context of negotiable instruments, such as checks, promissory notes, and bills of exchange. It refers to an endorsement where the endorser signs their name without specifying the endorsee's name. This type of endorsement allows the endorsed instrument to be transferred by simply delivering it to the new holder, who then becomes the owner.
Here's a step-by-step explanation of the process:
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Endorsement: When you endorse a negotiable instrument, you are transferring your rights to the instrument to another person or entity. This is typically done by writing your signature on the back of the instrument and, if necessary, including the name of the person to whom you are transferring the instrument.
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Endorsing in Blank: If you endorse the instrument in blank, you do not write the name of the person to whom you are transferring it. Instead, you simply sign your name. This action creates a bearer instrument, meaning that whoever possesses the instrument can claim the payment or value.
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Transfer: When you endorse a check or other negotiable instrument in blank, you can transfer it by simply delivering it to the new holder. The new holder becomes the owner of the instrument and can cash it or deposit it without any further endorsement.
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Risk: Endorsing an instrument in blank can be risky because once you part with the instrument, you have no control over who will ultimately receive the payment. Anyone who physically possesses the instrument can claim the funds, so it's important to only endorse instruments in blank if you trust the person or entity you're giving it to.
In summary, "endorsed in blank" means that the endorser has signed their name without specifying the recipient, making the instrument transferable by delivery alone. This method of endorsement is commonly used in situations where the endorser wants to give the maximum flexibility for the instrument to be transferred to anyone, without the need for further endorsement.