endorsement of B/R

This query is : Resolved 

28 July 2008


What is the meaning of endorsed bill & When it is endorsed & to whom ,by it which paty gets affected.

28 July 2008




Reply as early as possible.

28 July 2008 Endorsement is the process of giving of instructions to pay the amount of funds involved in the instrument to the person in whose favour it is endorsed. By such endorsement the payee gets changed while the drawee and drawer remain the same.




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