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Indorsement
The act of signing one's name on a financial document, such as a check, thereby transferring rights or title to another party.
Collection Indorsement
An endorsement on a negotiable instrument, such as a check or promissory note, that specifies the particular person to whom the payment is to be made.
Fictitious Payee Rule
A principle in commercial law that protects the drawer of a check if the check is made payable to a non-existent or not intended recipient, under certain conditions.
Bookkeeper
A person responsible for recording the financial transactions and maintaining the financial records of a business.
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