Blank endorsement of a financial instrument, such as a check, is only a signature, not indicating the payee. The effect of this is that it is payable only to the bearer – legally, it transforms an order instrument (`pay to the order of (the payee)`) into a bearer instrument (`pay to the bearer`). It is one of the types of endorsement of a ne...
(n) Blank Endorsement is the mode of endorsement wherein the name of the payee or beneficiary of the instrument is not mentioned so as to make it freely transferable on delivery
An endorsement that passes title to a negotiable instrument without naming the person to whom it should be paid. Compare: qualified endorsement
[n] - an endorsement on commercial paper naming no payee and so payable to the bearer
endorsement in blank noun an endorsement on commercial paper naming no payee and so payable to the bearer
an endorsement on a check or note naming no payee, and therefore payable to bearer. Also called