Home > Terms > English (EN) > Indorse-Induce-Industrial-Ineligibility


1)Indorse, is a verb usually met in Commercial and Bank Law, and mans 'sign on the back side' of a check order, etc (οπισθογραφώ), and indorsement is the relative noun (οπισθογράφηση) πχ. επιταγής από κομιστή=in English it's 'bearer, holder' thus indorse a check in the bank in order to receive money from bank, as check bearer, holder, on behalf of someone else, that's why signature, upon showing also official, legal document of proof of identity, can be ID Card, passport, main details of which are also stated, under signature of back side of check, thus act of indorsement. Nb in Commerce and Bank Law, each holder is liable to the previous one, and vice versa, if for same case, there are multiple holders of indorsement, and in case of issue, causality, of all holders/bearers is very important, in cas of issue. Liability in this case of indorsement, is common, but mostly in terms of subsequence of holding a check in Bank; for ex. in this case, if a check is lost on the way to the bank, or holder has an accident and loses check, then that's why indorsement is needed for proof of indentification of check bearer each time, and induce liability to each holder involved, in a way of split, but insisting on causality of facts, where all holders are involved. .etc and all bearers until cashing the sum of money written on check, are liable to check issuer, usually being the legal holder of money of check, but this in Commerce and Bank Law may have many exceptions and sub-categories

2) Induce=encourage, motivate, help decide, 'thus induce someone to do something', and noun is 'induction' '

3)industrial= it's an adjective deriving from term 'industry', so we have term branches of industry or 'industrial branches., etc, having also terms 'light' and heavy industry..

4) Ineligibility= thus not being eligible, means not be qualified for something, not approved in a previous application of requesting something, this term often applying to individuals in regard to application for something in a company, for a job position, or request of money, or valid access for ex. to a website, thus in case of ineligibility, there is rejection of a request based on an already existing right, but not all criteria are met, after assessment. The term eligible, also applies, as seeking to obtain a right somewhere, actually meaning legal right' in the vast sense. Right can be created upon eligibility (or not), or obtained for someone, on basis of an already existing (legal) right.

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  • Category: General law
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