blank endorsement

Popular Terms
Open endorsement that carries only the signature of the endorser and does not specify in whose favor it is made (who is the new endorsee), thus converting a document of title (such as a 'to order' bill of lading) into a negotiable (bearer or transferable) instrument. Any holder (bearer) of a blank-endorsed document has claim to ownership of the merchandise or property that is the subject matter of the document. Blank-endorsed insurance policies, for example, can be used by any party to make a claim. Also called endorsement in blank.

Use 'blank endorsement' in a Sentence

Because the check was endorsed with blank endorsement, both Ryan and Jimmy fought desperately to acquire it, so as to gain the four-hundred dollars it was made out for.
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He received only a blank endorsement, which is not exactly what he wanted, but he was good with it for now.
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The blank endorsement enabled the transaction to take place sooner rather than later as our primary businessman was out of town.
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