Tooltip Tags: payment instruments

endorse

To sign the back of (a negotiable document) to transfer ownership of the rights to a specified payee. (source: http://www.thefreedictionary.com/endorse)

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endorsee

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.

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endorsement

A legal term that refers to the signing of a document which allows for the legal transfer of a negotiable from one party to another.

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endorser

Person or firm who, by signing a negotiable instrument, transfers the title of the instrument (or the property named therein) to another. (source: http://www.businessdictionary.com/definition/endorser.html#ixzz2K3CIY9bR)

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electronic purse [E-purse]

E-Purses are issued by banks to their account-holding customers. Money is loaded into the e-Purse by a transfer from the cardholder’s bank account at a

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draft

A written order by the first party, called the drawer, instructing a second party, called the drawee (such as a bank), to pay money to

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drawee

The party directed to pay the amount of a draft or check. (source: http://www.investorwords.com/1580/drawee.html#ixzz2OxCbS7ZB)

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drawer

The party who draws the draft upon another party for payment.(source: investorwords.com )

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debit card

A plastic payment card that provides the cardholder electronic access to his or her bank account(s) at a financial institution. Some cards have a stored

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