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TeachMeFinance.com - explain In case of need historic definition... In case of need -- This is an indorsement sometimes placed on a bill of exchange naming a person who will pay it for the honor (credit) of the drawer (or an indorser) should the bill not be met (paid) at maturity by the drawee (the one who was to pay it). The usual form is "In case of need apply to A. B. (Signed) C. D.," meaning that if the bill is not paid A. B. will pay it for account of C. D. (the drawer or an indorser). Sometimes the indorsement is written simply "In need, with A. B. (Signed) C. D." About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.