proper indorsement

proper indorsement
An indorsement of a bill or note, embracing the signature of the indorser and in such form as to transfer title to the instrument and warrant payment by the maker to the indorsee. Thompson v Farmers' State Bank, 159 Iowa 662, 140 N W 877. The signature of an indorser without additional words is a sufficient indorsement to effect an assignment or negotiation, as the case may be, of a bill or note, when the assignment or negotiation is completed by such delivery as is requisite. Such is the customary or usual indorsement. Additional words, however, may be employed to express the intent to negotiate or assign, as the case may be. 11 Am J2d B & N § 351.

Ballentine's law dictionary. . 1998.

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