Online Encyclopedia

ALLONGE (from Fr. allonger, to draw out)

Online Encyclopedia
Originally appearing in Volume V01, Page 699 of the 1911 Encyclopedia Britannica.
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ALLONGE (from Fr. allonger, to draw out)  , a slip of paper affixed to a negotiable instrument, as a
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bill of
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exchange, for the purpose of receiving additional indorsements for which there may not be sufficient space on the bill itself . An indorsement written on the allonge is deemed to be written on the bill itself . An allonge is more usually met with in those countries where the Code
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Napoleon is in force, as the code requires every indorsement to express the consideration . Under
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English law, as the
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simple signature of the indorser on the bill, without additional words, is sufficient to operate as a negotiation, an allonge is seldom necessary .

End of Article: ALLONGE (from Fr. allonger, to draw out)
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