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单词 Allonge
释义

Allonge
A sheet of paper attached to a bill of exchange for the purpose of documenting endorsements.

Investopedia Says:
The need for an allonge arises due to the lack of space on the bill itself for additional endorsements. Because a bill of exchange is transferable through endorsement, it may be exchanged among so many parties that these parties don't all fit on the bill. In this case, a separate piece of paper - the allonge - is attached to the bill, acting as a legal extension of the document.

Related Terms:
Bill Of Exchange

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更新时间:2024/5/20 15:46:07