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TeachMeFinance.com - explain Indorser historic definition...
Indorser -- Properly and strictly an indorser is one who has
put his name on the back of a piece of negotiable paper in
order to transfer title from himself to another. Very commonly,
however, the word is used to include both this class of
persons and also those who have put their names upon the
paper as sureties.
For additional informaton see Indorsement.
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