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Tags: payment instruments
Categories: Economics & Finance
Person or firm to whom a negotiable instrument (bill of exchange, bill of lading, delivery order, or other document of title) is transferred by endorsement. Also called a transferee or payee, the endorsee becomes a holder-in-due-course upon delivery of the endorsed document.
(Read more: http://www.businessdictionary.com/definition/endorsee.html#ixzz2LFDt8eNz)
