MARK ENDORSEMENT Definition

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MARK ENDORSEMENT, normally, it is when a signatory (payee) cannot endorse with their signature, due to illiteracy or an infirmary, the signatory is allowed to make a mark that identifies that the signatory has signed. Such mark endorsements are normally witnessed with the witness endorsing the mark endorsement.

Learn new Accounting Terms

COLLATERAL NOTE is a note secured by collateral. Same as secured note.

FRF is an acronym for French Francs.

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