Finish, or spot favoured one (8)

I believe the answer is:

endorsee

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'finish or spot favoured one' is the definition.
I can't judge whether this defines the answer.

'finish or spot' is the wordplay.
'finish' becomes 'end' (synonyms).
'spot' becomes 'see' (both can mean to notice or observe).
'end'+'or'+'see'='ENDORSEE'

Can you help me to learn more?

(Other definitions for endorsee that I've seen before include "one given money?" , "One to whom cheque is assigned" , "he eventually gets cheque" .)

I've seen this clue in the Sydney Morning Herald.

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