The transferor is called an endorser and the transferee is called an endorsee. Endorse. Endorsement is the act of the payee signing or making some comments on the back of the bill, indicating the transfer of the bill. The transferee can endorse it again and then transfer it, so that a bill can be transferred multiple times.

The types of endorsement are:

1. Blank endorsement. Endorsers only sign, without comments.

2. Endorse by name. The endorser signs and indicates that the ticket is transferred to the designated person.

3. Restrict endorsement. The endorser signs the ticket and indicates the restrictive conditions.