Approved Indorsed Notes
Defined in 4 dictionaries — Cyclopedic (1922), Bouvier (1914), Black's (1910), Black's (1891)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
Notes endorsed by another per.son than the maker, for additional security. See 20 Wend. (N. Y.) 431.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
Notes endorsed by another person than the maker, for additional security, the endorser being satisfactory to the payee. Public sales are sometimes made on approved endorsed notes. The meaning of the term is that the purchaser shall give his promissory note for the amount of his purchases, endorsed by another, which, if approved of by the seller, shall be received in payment. If the party approve of the notes, he consents to ratify the sale; Mills v. Hunt, 20 Wend. (N. Y.) 431.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A Dictionary of Law
Henry Campbell Black · 1891
Notes indursed by another person than the taker, for additional security.