Endorser meaning

What does endorser mean? The senator is the most recent of his candidacy endorsers. High-profile endorsers of the campaign include the Foreign Secretary and the chairman of the National Farmers Union. Also indorse (for defs. 1-6).

Endorser The payee on a check whose signature appears on the back of the check.

The signature (called an endorsement) indicates that the payee has received the check. Banks require payees to endorse checks before they can be cashed or deposited. English dictionary definition of endorsee. One to whom the rights available under an instrument, such as a land title, have been transferred by endorsement.

An endorser is someone who agrees to repay the Direct PLUS Loan if the borrower becomes delinquent in making payments or defaults on the loan. The endorser may not be the student on whose behalf a parent obtains a Direct PLUS Loan. BEFORE YOU CONTINUE: If you have placed a security freeze on your credit file, you must lift or remove the freeze at each credit bureau before you continue.

In financial terms, the party that borrows money and signs a promissory note to guarantee repayment is the maker of the note.

Second and subsequent parties are known as co-makers or co-signers. They share fully in the obligation to repay the note in full, and will be liable for that repayment if the primary borrower defaul. See full list on sapling. A payee may treat the note as another financial asset, such as a stock or bon which he can transfer or sell to another party. In order to transfer the note, however, the payee must endorse it.

An endorsement is a signature in which the payee makes a third party the new payee, who thus receives the rig. Promissory notes are common in business transactions as a means to raise capital from banks, partners and investors. In a business partnership, an agreement spells out the right and obligations of the partners in regards to notes signed by one or all. An individual payee also may be acting on behalf of an employer, such as a bank.

The employer has the right to the payments, in the terms given in the note: interest rate, frequency of payment, amount of payment, term of the note. Promissory notes can provide a steady stream of income to their holders, but they also have provided the means to defraud unsuspecting investors. A common criminal scheme is to offer promissory notes through life insurance agents, who provide a screen of legitimacy.

The seller collects payment in full, then pays a short-lived stream of interest, as well as a commission to the agent, before absconding with the funds. The original signers, prominent design professionals, have been joined as endorsers by hundreds of colleagues. Person or firm who, by signing a negotiable instrument, transfers the title of the instrument (or the property named therein) to another. Information and translations of endorser in the most comprehensive dictionary definitions resource on the web.

Definition of endorser in the Definitions.

Another word for endorser. A celebrity endorser employed in an advertisement can be construed as a reference group or as its personality. Firms invest substantial amounts of money to associate their brands and themselves with celebrity endorsers. The co-maker, endorser , or co-signer of a note of loan is equally responsible for paying it back. Such a person is common when a loan applicant is not considered financially strong enough to sign the loan alone.

Merriam-Webster Thesaurus, plus related words, definitions, and antonyms. Endorsement in blank is the writing of only the endorser ´s name on the negotiable instrument without designating another person to whom the endorsement is made, and with the implied understanding that the instrument is payable to the bearer. Find another word for endorse. A new euphemism for paid actor.

Commonly found on late night infomercials and programming on television stations with a high amount of senior citizens as its viewer base.