An endorser is a party who signs or writes words and ID numbers on the back of a bill to transfer the rights conferred by the bill.

The endorsee refers to the legal person, other organization or individual who accepts the endorsed bill in the process of endorsement.

The types of endorsement are:

1. Blank endorsement: the endorser only signs without comments.

2. Registered endorsement: the endorser signs and indicates that the ticket is transferred to the designated person.

3. Restrictive endorsement: the endorser signs the bill and indicates the restrictive conditions.

Extended data:

The main purpose of endorsing a transfer bill is to establish the rights and obligations between the transferor and the transferee. As an indorser of the transferor, once he signs the bill of exchange, he will bear the following two obligations:

(1) Make sure that the draft is accepted or paid to all those who get the draft later, including the endorsee.

(2) Ensure the authenticity of all previous signatures and the continuity of the endorsements he has signed on the bill before. Endorsement continuity means that the signatures of the endorser of the transferred bill and the endorsee of the transferee's bill are continuous in the transfer of the bill.

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