An indorsement is a signature, other than that of a signer as maker, drawer or acceptor of the instrument, for the purpose of negotiating the instrument.

Question

Quizplus · Accepted Answer

An indorsement is indeed a signature on a negotiable instrument (like a check or promissory note) made by someone other than the signer as maker, drawer, or acceptor, with the purpose of transferring ownership or rights in the instrument to another party.

An Indorsement Is a Signature, Other Than That of a Signer