#financial liability

• Endorser — The physical or legal person (the legitimate holder of a credit instrument) who signs an endorsement on the back of the document, thereby transferring the claim rights to a new beneficiary; (used as an adjective) performing an endorsement operation. Through this structural action, the person becomes a jointly liable guarantor for the payment of the instrument to subsequent holders.
• Endorser — The feminine form of the word endorser; a female person or a legal entity that applies an endorsement on the back of a credit instrument to order, thereby transferring its claim rights; (used as an adjective) performing a structural endorsement operation on a commercial bill.
• Endorser — A female person or a commercial entity that performs the operation of endorsing a credit instrument; (used as an adjective) serving to endorse, or endorsing a commercial bill. This structural term identifies the party relinquishing the claim and assuming joint liability for payment.