A blank endorsement is an order or contract which can be redeemed by anyone, rather than a specific person or entity.
For example, a bearer share which is not registered in a specific person’s name could be considered a blank endorsement. Cash checks on which the recipient is not specified are another form of blank endorsement because they can be cashed by anyone.
Blank endorsements are used for certain types of transactions in which the final recipient of assets is unknown.
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