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_____ Is the Transfer of Meaning from One Person to Another

question 63

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_____ is the transfer of meaning from one person to another.


Definitions:

Security Interest

A legal claim or lien on collateral (property or assets) granted to secure the performance of an obligation, usually repayment of a debt.

Bank

A financial institution licensed to receive deposits, offer loans, and provide other financial services to individuals and businesses.

Negotiable

Capable of being transferred or assigned to another party in return for value received; often used in reference to financial instruments.

Restrictive Endorsement

An endorsement that limits the transferability of an instrument or controls the manner of payment under an instrument.

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