Endorser
Definition
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.
Bilingual Equivalents
- Endorser
- Indorser
Grammatical & Source Details
| Inflection Type | Variable noun or adjective with regular masculine, feminine, and structural plural variations. |
| Formation | Linguistic loanword derived from the French present participle 'endossant', functionally stabilized in business law. |
| Spelling / Pronunciation | [an.do.ˈsant] |
| Source | Encyclopedia of Banking Regulations and Commercial Practices |
Contextual Usage Examples
RO: Fiecare andosant care semnează pe spatele cambiei își asumă responsabilitatea de a achita suma în caz de refuz din partea trasului.
EN: Every endorser who signs on the back of the bill of exchange assumes the responsibility to pay the sum in case of non-acceptance by the drawee.
RO: Banca l-a notificat pe ultimul andosant că biletul la ordin nu a putut fi decontat din lipsă de fonduri în cont.
EN: The bank notified the last endorser that the promissory note could not be settled due to a lack of funds in the account.
RO: Dacă un andosant introduce clauza 'fără recurs', el este eliberat de obligația structurală de garantare a plății viitoare.
EN: If an endorser inserts the clause 'without recourse', he is released from the structural obligation of guaranteeing future payment.
Idioms & Phrases
Răspunderea unui andosant / Liability of an endorser
RO: Obligație legală de garantare a acceptării și plății efectului comercial de către toți semnatarii structurali din lanț.
EN: A legal obligation to guarantee the acceptance and payment of the commercial bill by all structural signatories in the chain.
Primul andosant / First endorser
RO: Beneficiarul inițial înscris pe fața titlului, care deschide lanțul de transferuri prin aplicarea primei semnături pe verso.
EN: The initial beneficiary inscribed on the face of the instrument, who opens the chain of transfers by applying the first signature on the back.
Andosant succesiv / Subsequent endorser
RO: Orice posesor intermediar al unui titlu care, la rândul său, îl transmite mai departe prin aplicarea unui nou gir.
EN: Any intermediate holder of an instrument who, in turn, transmits it further by applying a new endorsement.
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