Endorser

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August 31, 2024 3 min read Definitions

Endorser: Third-Party Liability and Payment Transfer

Finance Banking Endorser Promissory Notes Liability Checks Financial Instruments

An endorser is a party who signs a financial instrument, such as a promissory note or a check, and assumes liability for its payment if the primary party defaults. This term encompasses both securing payment transfer and assuming responsibility.

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