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TeachMeFinance.com - explain Successive indorsement historic definition... Successive indorsement -- Successive indorsement is made by several "persons, the legal effect being to subject each of them to each other in the order in which they indorse ; the indorsement imparts several and successive, but not joint obligation. 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.