absolute endorsement


Definition of absolute endorsement

: an endorsement that binds the endorser to pay only on failure of the prior parties to do so and on due notice thereof to the endorser

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First Known Use of absolute endorsement

1837, in the meaning defined above

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The first known use of absolute endorsement was in 1837

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Cite this Entry

“Absolute endorsement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/absolute%20endorsement. Accessed 21 Oct. 2020.

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