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English definition of “endorsee”

endorsee

noun [C]     /endɔːˈsiː/ BANKING
the person whose name is written on the back of a cheque, bill of exchange, etc. so that they can receive the money from it instead of the person it was originally written for: The holder of a negotiable instrument may be the payee or the endorsee. → Compare endorser
(Definition of endorsee noun from the Cambridge Business English Dictionary © Cambridge University Press)
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