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Information > Financial Terms > This page Endorsee One to whom a
negotiable instrument payable or endorsed to order is negotiated by endorsement
and delivery. If the instrument
is payable to bearer on its face, or if it is payable to order on its
face and the last endorsement is in blank, the instrument may be negotiated
by delivery alone. In the
endorsement "Pay to the order of A. B. See, (signed) D. E. Eff," the endorsee
is A. B. See. An endorsee
is a holder of the instrument and as such may have the rights of a holder
in due course (Article 3, Part 3, Uniform Commercial Code). See ENDORSE,
ENDORSEMENT |