Endorsement refers to the act that the holder records relevant matters and signs on the back of the bill or on the sticky note in order to transfer the rights of the bill to others or grant certain rights to others to exercise. Endorsement can be divided into transfer indorsement and non-transfer indorsement according to different purposes. Transfer indorsement refers to the transfer of bill rights by the holder to others. Non-transfer indorsement refers to the exercise of specific bill rights by others, including entrusted collection indorsement and pledge indorsement. Whatever the purpose, the endorsement should be recorded and the bill should be delivered. Legal objectivity:
Article 27 of the Law of the People's Republic of China on Negotiable Instruments, the holder may transfer the rights of the bill to others or authorize others to exercise certain rights of the bill. If the drawer writes the words "non-negotiable" on the bill, the bill shall not be negotiable. When exercising the rights stipulated in the first paragraph, the holder shall endorse and deliver the bill. Endorsement refers to the act of recording relevant matters on the back of a bill or on a sticky note and signing it. Article 31 of the Negotiable Instruments Law of the People's Republic of China * * * A bill transferred by endorsement shall be endorsed continuously. The holder proves his right to draft by the continuity of endorsement; Where a bill of exchange is obtained by other legal means without endorsement, evidence shall be given according to law to prove its right to the bill. The term "consecutive endorsements" as mentioned in the preceding paragraph means that in the transfer of a bill, the signatures of the endorser who transfers the bill and the endorsee who accepts the bill are successively connected.