The person who transfer the ownership of the bill. Answer in a word / phrase / term.
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Hey mate ✌️✌️
The person who transfer the ownership of the bill.⤵️⤵️⤵️⤵️
(Drawer)
The person who transfer the ownership of the bill.⤵️⤵️⤵️⤵️
(Drawer)
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The person that transfers the ownership of the bill is known as the endorser.
- The person to whom the Exchange Bill is passed is called the endorser and from then on, the endorser continues to be the legitimate owner and holder of the Bill.
- An endorser is a person allowed to sign a negotiable agreement to transfer ownership from one party to another or to accept a contract's terms and conditions.
- Most of the times, a drawer is an endorser.
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