Meaning of Negotiable Instruments
A negotiable instrument is a written document that represents a promise to pay a specific amount of money to the bearer...
Meaning of Indorsement
Indorsement refers to the act of signing or endorsing a negotiable instrument, such as a promissory note, bill of exchange, or cheque....
Blank Indorsement
In a blank indorsement, the indorser signs their name on the back of the instrument without specifying the name of the indorsee (the...
The object of crossing a cheque is to enhance the security and control of the payment process. Crossing serves several important objectives, including:
Prevention of...
General Crossing
When two parallel lines are drawn across the face of a cheque without any additional words or instructions, it is considered a general...