Allonge

AAA

DEFINITION of 'Allonge'

A sheet of paper attached to a bill of exchange for the purpose of documenting endorsements. The need for an allonge arises as a result of a lack of space on the bill itself.

INVESTOPEDIA EXPLAINS 'Allonge'

Because a bill of exchange is transferable through endorsement, it may be exchanged among so many parties that these parties don't all fit on the bill. In this case, a separate piece of paper - the allonge - is attached to the bill, acting as a legal extension of the document.

RELATED TERMS
  1. Blank Endorsement

    A signature by the creator of an instrument, such as a check, ...
  2. Bill Of Exchange

    A non-interest-bearing written order used primarily in international ...
  3. Endorsement

    1. A legal term that refers to the signing of a document which ...
  4. At Sight

    A payment due on demand. An at sight payment will require the ...
  5. Copyright Infringement

    The use or production of copyright protected material without ...
  6. Treasury Direct

    The online market where investors can purchase federal government ...
Related Articles
  1. How To Pick The Right Lawyer
    Personal Finance

    How To Pick The Right Lawyer

  2. What Is International Trade?
    Personal Finance

    What Is International Trade?

  3. The Basics Of Covered Calls
    Options & Futures

    The Basics Of Covered Calls

  4. Fueling Futures In The Energy Market
    Options & Futures

    Fueling Futures In The Energy Market

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center