what is the difference in bearer and endorser
RAHUL JOSHI (Doing articleship) (229 Points)
05 March 2011what is the difference in bearer and endorser
Ankur
(Ipcc student)
(332 Points)
Replied 05 March 2011
BEARER: One who holds a check, note, draft, or other order for the payment of money; as, pay to bearer.
ENDORSER: A person who transfers his ownership interest in something by signing a check or negotiable security.
| Originally posted by : Ankur | ||
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As per negotiable instrument BEARER: One who holds a check, note, draft, or other order for the payment of money; as, pay to bearer. ENDORSER: A person who transfers his ownership interest in something by signing a check or negotiable security. |
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