Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    One to whom a negotiable instrument is indorsed.

  • Black's Law Dictionary: 2nd Edition

    The person to whom a bill of exchange, promissory note, bill of lading, etc., is assigned by indorsement, giving him a right to sue thercon.
    —Indorsee in dne eonrse. An indorsee la due course is one who, in good fnith, in the ordinary course of business, and for value, before its apparent maturity or presumptive dishonor, and without knowledge of its actual dishonor, acquires a negotiable instrument duly indorsed to him, or indorsed generally, or payable to the bearer. Civ. Cade Cal. § 3123; Civ. Code S. D. 1903, § 2199; Civ. Idaho 1901, § 2883; More v. Finger, 128 Cal. 313, 60 Pac. 933.