JOINT PAYEE ENDORSEMENT Definition

Bookmark and Share

JOINT PAYEE ENDORSEMENT, normally, when a bank draft is made out to two parties both parties are required to endorse the back of the bank draft before it will be honored by the bank.

Learn new Accounting Terms

LONG-TERM LIABILITIES are liabilities of a business that are due in more than one year. An example of a long-term liability would be a mortgage payable.

ADVICE NOTE is a written piece of information e.g. about the shipping status of the goods.

Suggest a Term

Enter Search Term

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