Endorsement definition in terms of Accounting

Endorsement definition in terms of Accounting


Endorsement means writing of one’s signature on the face or back of a bill for the purpose of transferring the title of the bill to another person. It is a statement or action which shows that you support or approve of something or someone. The person who endorses is called the “Endorser”. The person to whom a bill is endorsed is called the “Endorsee”. The endorsee is entitled to collect the money.

To endorse a promissory letter as a third-party means the endorser guarantees imbursement in case the primary borrower defaults. To endorse a agreement confirms authorization of its contents and conditions.

Examples of endorsement in a Sentence

  • The newspaper has announced its political endorsements.
  • We’re pleased that the project has received your endorsement.
  • Without official endorsement, the project cannot proceed.
  • The bank requires that someone witness the endorsement of the check.
  • We need your endorsement before we can cash this check.