Examlex
The third stage of labor:
Blank Endorsement
A signature without any restrictions or instructions, allowing any holder of the document to execute a transaction.
Endorsed
The act of signing the back of a negotiable instrument, such as a check, thus transferring rights or title to another party.
Payee
The party in whose favor a check, draft, or note is made, entitled to receive the payment from the payer.
Drawer
The person or entity that writes a check or draft instructing the drawee to pay someone else.
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