ALTERNATE PAYEE ENDORSEMENT Definition

Bookmark and Share

ALTERNATE PAYEE ENDORSEMENT, normally, it is when one payee endorses a draft over to another entity, then the new or alternate payee endorses the draft near the original payees endorsement (signature).

Learn new Accounting Terms

CHECK is a draft drawn against a bank, payable upon demand to the person/entity named upon the draft.

MAKER is a. the producer of a product, or, b. the person who signs a check or promissory note, which makes him/her responsible for payment.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.