Definition

A person who receives a financial document, such as a note or bill, that has been signed over to them by another party.

Example

The indorsee was responsible for collecting the payment from the issuer of the note.

Conversation

I just learned about the term indorsee in my finance class.

Oh really? What does it mean exactly?

It's the person who receives a note or bill after it's been indorsed.

That makes sense! It sounds important in transactions.

Synonyms & Antonyms

Root Explanation

Indorsee → It is formed from "in-" (meaning in or into) and "dorsum" (from Latin, meaning back) and the suffix "-ee" (meaning a person who is the recipient of an action). The word refers to a person who is the recipient of an endorsement or a transfer of rights, typically in a financial context.

Memory Tip

Think of someone who is 'in' ('in-') a position to receive something on their 'back' ('dorsum') — that's why an indorsee is a person who receives an endorsement.

Visually Confused Words