Question

Transfer of title of a bill from a debtor to a creditor.

Answer 1

Endorsement of Bill of Exchange

Explanation: Endorsement means transferring. When a bill of exchange is signed for the purpose of transferring it to another person, then it is termed as an endorsement of a bill of exchange. As and when debtor signs the bill and transfers it to his/her creditor, the endorsee (creditor) becomes entitled to receive the payment.