n. The person to whom a note or bill is indorsed, or assigned by indorsement.
the GNU version of the Collaborative International Dictionary of English
n. The person to whom a note or bill is indorsed, or assigned by indorsement.
The Century Dictionary and Cyclopedia
n. The person or party to whom any right is assigned or transferred by indorsement, as by indorsing a bill of exchange or other negotiable instrument.
Word Usage
"An indorsement which pur - ports to transfer to the indorsee a part only of the amount payable, or which purports to transfer the instrument to two or more indorsees severally, does not operate as a nejjotiation of the instrument."