al·longe (ə-lŭnj', ä-lôɴzh') n. pl. al·longes (ə-lŭn'jĭz, ä-lôɴzh') See rider. [French, from allonger, to lengthen, from Old French alongier; see lunge.] |
Allonge
A sheet of paper attached to a bill of exchange for the purpose of documenting endorsements.
Investopedia Commentary
The need for an allonge arises due to the lack of space on the bill itself for additional endorsements. Because a bill of exchange is transferable through endorsement, it may be exchanged among so many parties that these parties don't all fit on the bill. In this case, a separate piece of paper - the allonge - is attached to the bill, acting as a legal extension of the document.
See also: Bill Of Exchange