fictitious credit

fictitious credit
An indorsement on a promissory note, made without the authority of the maker or any indorser, of credit for a payment not made. 4 Am J2d Alt Inst § 62. Such an indorsement is sometimes made by payee or indorsee for the purpose of tolling the statute of limitations. 34 Am J1st Lim Ac § 347.

Ballentine's law dictionary. . 1998.

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