Blank endorsed是什麼意思

"Blank endorsed" is a term used in the context of negotiable instruments, such as checks, bills of exchange, or promissory notes. It refers to the endorsement of a financial instrument without specifying the endorsee's name. Instead of writing out the name of the person or entity to whom the instrument is being transferred, the endorser signs the instrument and leaves the space for the endorsee blank.

When a check or other negotiable instrument is blank endorsed, it means that the endorser is authorizing anyone to claim the value of the instrument by presenting it for payment. The person who presents the instrument for payment first becomes the rightful owner.

Blank endorsement is also known as "bearer endorsement" because it makes the instrument a bearer instrument, meaning that the person who physically holds the instrument can claim the value. This type of endorsement is considered high-risk because it lacks the security of specifying a particular person or entity as the recipient. Anyone who comes into possession of the instrument can potentially cash it or deposit it into their account.

For this reason, blank endorsement is generally used with caution and is often seen in situations where the endorser trusts that the instrument will be transferred to a known party or where the endorser is willing to take the risk of loss or theft. It is less common in modern financial transactions due to security concerns and the prevalence of more secure endorsement methods.