prior indorsements guaranteed
- A guaranty of the genuineness of the indorsements and no more. Johnston v Schnabaum, 86 Ark 82, 109 SW 1163.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
all prior indorsements guaranteed — A phrase customarily added to the indorsement of the collecting bank. It is questionable whether the phrase adds anything to the liability of the bank as an indorser. Some authorities limit its meaning to the fact that the payee named actually… … Ballentine's law dictionary
previous indorsements guaranteed — See prior endorsements guaranteed … Ballentine's law dictionary
guaranty of prior indorsements — See prior endorsements guaranteed … Ballentine's law dictionary
guaranty — An undertaking or promise, on the part of one person called the guarantor, which is collateral to a primary or principal obligation on the part of another, and which binds the guarantor to performance in the event of nonperformance by such other… … Ballentine's law dictionary