Question

What is meant by endrosement of bill?

Answer 1

when bills receivable holded by us is given to the creditor for our dues it is known as endorsement of bill

Answer 2

If the holder of the bill puts his signature on the back of the bill with a view to transfer the property contained in it (right to receive money from the acceptor), then he becomes endorser, and the person to whom the bill of exchange is transferred will become endorsee. This procedure by which a bill is transferred from one person to another person for the settlement of debts is called "endorsement".