two-name

American  

[too-neym] / ˈtuˌneɪm /

adjective

1. (of commercial paper) having more than one obligor, usually a maker and endorser, both of whom are fully liable.

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Example Sentences

This would then be "two-name paper," could be sold in the open market where a bill dealer might buy it, take it to his bank which could rediscount it at the Federal Reserve.

From Time Magazine Archive

Occasionally he has a note, for a small amount to begin with, always first-class two-name paper, and he never objects—usually insists—on paying a trifle more than the regular discount.

From Disputed Handwriting An exhaustive, valuable, and comprehensive work upon one of the most important subjects of to-day. With illustrations and expositions for the detection and study of forgery by handwriting of all kinds by Lavay, Jerome Buell

Occasionally he has a note, for a small amount to begin with, always first-class, two-name paper, and he never objects—usually insists—in paying a trifle more than the regular discount.

From Disputed Handwriting An exhaustive, valuable, and comprehensive work upon one of the most important subjects of to-day. With illustrations and expositions for the detection and study of forgery by handwriting of all kinds by Lavay, Jerome Buell

It will thus be a two-name bill, and not an individual promissory note.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur

Although mortgage and other collateral security is sometimes accepted, the banks' chief reliance is personal security, and the great bulk of the loans are made on two-name paper.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur