Term: alternative payees
Definition: those persons to whom a negotiable instrument is made payable, any one of
whom may indorse and take delivery of it.
Term: blank indorsement
Definition: an indorsement that does not name the person to wh
Definition: drawee who has accepted the liability of paying the amount of money specified in a
Definition: party person who signs an instrument to lend credit to another party to the paper.
Definition: unauthorized change or completion of a negotiable instrument designed to
modify the obligation of a party to the instrument.
Definition: third party to whom contract benefits are transferred.
Definition: the relationship that exists between a person identified as a principal and
another by virtue of which the latter may make contracts with third persons on behalf of
the principal. (Partiesprincipal, agent, third person)