noun
- a person to whom a negotiable instrument (such as a check or promissory note) is endorsed or transferred
Usage: legal; banking
Examples
- The bank verified the identity of the endorsee before cashing the check.
- As the endorsee of the promissory note, she had the right to collect payment.
- The endorsee must sign the back of the check to deposit it.
- Legal disputes can arise when the endorsee's rights are questioned.
- The original payee became the endorser when transferring the instrument to the new endorsee.