Allonge (Real Estate Glossary)

Summary

A transfer instrument attached to a negotiable instrument, such as a promissory note or a bill of exchange, in order to document an assignment of such instrument. An allonge is considered an extension of the instrument itself. The purpose of an allonge in most loan transactions is to transfer the negotiable instrument to the lender if there has been an event of default and the lender is enforcing its rights under the credit agreement.