WORD OF THE DAY: ON-THE-RUN - refers to a term used to describe the most recently issued treasury or agency securities in a particular maturity class. For instance, at any given time, there may be a number of U.S. Treasury securit ... More
1. ) refers to an individual who signs the back of a financial instrument. In lending, the term is used as functional equivalent of a guarantor. A loan endorser generally signs a guarantyarrangement included on the promissory note form, often on the back.