Initials

signed to a paper with the intention that they shall stand as a signature are binding. In the courts of New York state it has frequently been held that any mark made with this intention was a sufficient signature. In one case the court held that “where a party placed the figures ‘1.2.8.’ upon the back of a bill of exchange by way of substitute for his name, intending thus to bind himself as indorser, it was a valid indorsement, though it appeared he could write.” In another case the signature was by initials and the court said: “A party signing a written instrument with his initials, intending thereby to bind himself, is as effectually bound as he would be by writing his name in full.”. Signature book. The book in a bank which contains the signatures of depositors. Most banks now keep the signatures of depositors on cards.