What is an Allonge?
Derived from the French word allonger, which means to draw out, allonge is a small piece of paper that is appended to some sort of agreement, most often a contract or other form of negotiable instrument. The purpose of the allonge is to provide room for an authorized signature that functions as an endorsement for the document, when there is no space for endorsements on the actual document. Along with space for authoritative signatures that function as additional endorsements, the allonge also often allows room for the high points of the agreement to be reviewed in an abbreviated form. The allonge is most commonly utilized as a Bill of Exchange. Bills of exchange may include a short recap of the terms of the transaction that is under consideration. In countries where the Code Napoleon is considered the standard for financial and contractual transactions, the allonge functions as a supporting document that makes it clear that both parties understand exactly what is and is not included in
Derived from the French word allonger, which means to draw out, allonge is a small piece of paper that is appended to some sort of agreement, most often a contract or other form of negotiable instrument. The purpose of the allonge is to provide room for an authorized signature that functions as an endorsement for the document, when there is no space for endorsements on the actual document. Along with space for authoritative signatures that function as additional endorsements, the allonge also often allows room for the high points of the agreement to be reviewed in an abbreviated form. The allonge is most commonly utilized as a Bill of Exchange. Bills of exchange may include a short recap of the terms of the transaction that is under consideration. In countries where the code Nepoleon is considered the standard for financial and contractual transactions, the allonge functions as a supporting document that makes it clear that both parties understand exactly what is and is not included in
