Business, Legal & Accounting Glossary
The person to whom something is transferred by endorsement.
An endorsee is a person or firm to whom a negotiable instrument (bill of exchange, bill of lading, delivery order, or another document of title) is transferred by endorsement. Also called a transferee or payee, the endorsee becomes a holder-in-due-course upon delivery of the endorsed document.
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This glossary post was last updated: 7th January, 2020 | 3 Views.