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Endorsement of Bill

The holder of the bill may transfer a bill to another person in discharge of his debt. Such transfer is known as Endorsement. The bill can be endorsed by the drawer by putting his signatures at the back of the bill along with the name of the party to whom it is being transferred. The act of signing and transferring the bill is called endorsement. The one who transfers is known as' Endorser' and the one to whom it is transferred is known as 'Endorsee'

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