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- Allonge: What it Means in Banking, Examples - Investopedia
What Is an Allonge? An allonge is a sheet of paper that is attached to a negotiable instrument, such as a bill of exchange
- 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 allonge (from French allonger, "to draw out") is a slip of paper affixed to a negotiable instrument, as a bill of exchange, for the purpose of receiving additional endorsements for which there may not be sufficient space on the bill itself An endorsement written on the allonge is deemed to be written on the bill itself
- 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
An allonge plays a crucial role in financial and legal contexts by allowing modifications and endorsements to negotiable instruments when space on the original document is insufficient Understanding its purpose, legal requirements, and practical applications is essential for anyone involved in financial transactions, ensuring clarity and
- 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
- allonge Definition, Meaning Usage | Justia Legal Dictionary
Definition of "allonge" A piece of paper added to a document to create more room for additional signatures or endorsements ; How to use "allonge" in a sentence When the original contract ran out of space for signatures, they attached an allonge to include the remaining parties
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