Financial Terms Glossary

Endorsement

Formal

Two definitions - a modification to an insurance policy or loan agreement to reflect new commercial or contractual terms. OR Signing the back of a cheque or Bill Of Exchange to transfer the ownership to someone else.

Informal

It is NOT:- an offence on a driving licence It is NOT:- a film stars support for a product or advertisement. It IS:- Signing the back of a cheque to assign the value to someone else It IS:- Formally modifying a contract.

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