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What is endorsement in bills of exchange explain with example


Endorsement of the bill implies the procedure by which the maker or holder of bill transfers the title of the bill in assistance of his/her creditors. The individual transferring the title is called Endorser and the individual to whom the bill is exchanged called Endorsee.

What is endorsement of bill in bills of exchange?

Endorsement of Bill of Exchange:\n\n The situation in which the bill's drawer transfers the bill to his creditor in order to pay off his debts.

What is bill of exchange with example?

A bill of exchange is of real use if it is accepted by the person directed to pay the amount. For example, X orders Y to pay ₹ 50,000 for 90 days after date and Y accepts this order by signing his name, then it will be a bill of exchange.

Who is endorser in bill of exchange?

Endorsee is the person who transfers the bill of exchange and the Endorser is the person to whom the bill is endorsed.

What is endorsement explain?

Definition: Endorsements are a form of advertising that uses famous personalities or celebrities who command a high degree of recognition, trust, respect or awareness amongst the people. Such people advertise for a product lending their names or images to promote a product or service.




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