transferable by endorsement

Ease of Trading: Trading through participatory notes is easy because participatory notes are like contract notes transferable by endorsement and delivery.

In addition, the special verdict of the jury in this case established that by custom of merchants a bill of lading was transferable by endorsement, and capable of transferring title to the goods.

The system of warehousing has proved of great advantage both to importers and purchasers, as the payment of duty is deferred until the goods are required, while the title deeds, or warrants, are transferable by endorsement.