indorser

indorser
    n 1: someone who expresses strong approval [syn: {subscriber},
         {endorser}, {indorser}, {ratifier}]
    2: a person who transfers his ownership interest in something by
       signing a check or negotiable security [syn: {endorser},
       {indorser}]
    

Indorser \In*dors"er\, Indorsor \In*dors"or\, n.
   The person who indorses. [Written also {endorser}.]
   [1913 Webster]
    

INDORSER, contracts. The person who makes an indorsement. 
     2. The indorser of a bill of exchange, or other negotiable paper, by 
his indorsement undertakes to be responsible to the holder for the amount of 
the bill or note, if the latter shall make a legal demand from the payer, 
and, in default of payment, give proper notice thereof to the indorser. But 
the indorser may make his indorsement conditional, which will operate as a 
transfer of the bill, if the condition be performed; or he may make it 
qualified, so that he shall not be responsible on non-payment by the payer. 
Chitty on Bills, 179,180. 
     3. To make an indorser liable on his indorsement, the instrument must 
be commercial paper, for the indorsement of a bond or single bill.will not, 
per se, create a responsibility. 13 Serg. & Rawle, 311. But see Treval v. 
Fitch, 5 Whart. 325; Hopkins v. Cumberland Valley R. R. Co., 3 Watts & Serg. 
410. 
     4. When there are several indorsers, the. first in point of time is 
generally, but not always, first-responsible; there may be circumstances 
which may cast the responsibility, in the first place, as between them, on a 
subsequent indorsee. 5 Munf. R. 252.