Examlex
Please define the following key terms.
-factory acts
Full Endorsement
A signature on the back of a negotiable instrument, such as a check, that specifies the person to whom the instrument is to be paid, transferring ownership.
Blank Endorsement
Blank Endorsement is a signature on a financial instrument, such as a check, without designating a payee, making it payable to the bearer.
Drawer
In accounting, the entity (person or organization) that issues or writes a bill of exchange, check, or draft, instructing another entity to pay.
Drawee
Bank that drawer has an account with.
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