noun
- Plural of indorsee; persons to whom a negotiable instrument (such as a check or promissory note) is transferred by indorsement.
Usage: legal/commercial term; also spelled 'endorsees' in modern usage
Examples
- The check was made out to multiple indorsees who shared ownership of the business.
- All indorsees must sign the back of the promissory note to transfer it further.
- The bank identified the indorsees listed on the endorsed document.
- Under commercial law, indorsees acquire rights to the negotiable instrument.
- The indorsees were required to present identification before claiming the funds.