/ɪnˈdɔːsmənt/ – Noun
Definition: xch ENDORSEMENT.
A more thorough explanation: Indorsement, also spelled as endorsement, refers to the act of signing a negotiable instrument, such as a check or promissory note, to transfer ownership or rights to another party. It is a legal term used in commercial law to signify the transfer of rights or property from one party to another through a written endorsement on a negotiable instrument.
Example: The indorsement on the back of the check confirmed that the payee had received payment.