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endorsement |
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endorsement [endôrs′mənt] Etymology: Gk, en + L, dorsum, the back a statement of recognition of the license of a health practitioner in one state by another state. An endorsement relieves the health practitioner of the necessity of completing the full licensing procedure of the state in which practice is to be undertaken. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Under the Uniform Commercial Code, a bank that accepts a check for deposit warrants to the drawee bank that all indorsements on the check are genuine, and the bank is liable to the drawee bank for the amount of the check plus expenses and lost interest if an indorsement on the check was forged. As the New York Times theater columnist put it, "Pretty soon we shall be having another opportunity to pass judgement upon George Ade's latest play, "The Father of the Family," which, without such indorsements [sic] as this metropolis may give, has enjoyed substantial success elsewhere" (9 February 1908: VI, 1; emphasis added). Title companies will, under the proper circumstances, issue special indorsements to cover these issues. |
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