What is an Allonge To Promissory Note? (Key Terms + Sample) An allonge to promissory note is an actual sheet of paper or document firmly affixed to a promissory note or negotiable instrument that may contain additional endorsements The written endorsements on the allonge are considered a part of the bill itself and are treated as such in loan proceedings
What Is an Allonge in Banking and How Is It Used? An allonge is one such document with significant importance in handling negotiable instruments like promissory notes or checks Its main purpose is to provide additional space for endorsements when the original instrument lacks room
Allonge - Wikipedia An endorsement written on the allonge is deemed to be written on the bill itself An allonge is more usually met with in countries using the Napoleonic Code, as the code requires every endorsement to express the consideration
ALLONGE Definition Meaning - Merriam-Webster Note: Under Uniform Commercial Code section 3-204(a), an allonge must be so firmly affixed to the instrument that it becomes part of it in order for the endorsements to be valid Endorsements on an allonge are considered invalid if there is still room on the instrument for endorsements
What Is An Allonge and How Does It Impact Your Mortgage? An allonge is essential to the efficient operation of real estate transactions, particularly when selling a mortgage note It ensures continuity and legal compliance by permitting the transfer of the mortgage note without changing the original terms
Understanding Allonge: Definition, Usage, and Examples Extension of Instrument: An allonge is a separate sheet of paper that is firmly attached to a negotiable instrument Space Limitation: It is used when there is not enough space on the original document to record necessary endorsements, modifications, or additional details
allonge Definition, Meaning Usage | Justia Legal Dictionary When the original contract ran out of space for signatures, they attached an allonge to include the remaining parties The allonge was necessary because more counties decided to join the agreement and their representatives needed to sign
Allonge: Definition, History and Role in Real Estate Transactions An allonge, pronounced “ah-lawnj,” is a legal term derived from French, meaning “slip of paper” or “attachment ” In financial transactions, it refers to a separate sheet of paper that is securely attached to a negotiable instrument, such as a promissory note or a bill of exchange