An Indorsement That Contains Some Sort of Instruction from the Indorser

question 49

Multiple Choice

An indorsement that contains some sort of instruction from the indorser is known as a(n) ________.

• A)nonrestrictive indorsement
• B)restrictive indorsement
• C)qualified indorsement
• D)special indorsement

---

Definitions:

EBIT

A profitability metric, Earnings Before Interest and Taxes, includes all company expenses with the exception of interest and tax charges.

Tax Rate

A proportion or rate at which an individual or business is taxed by the government, often expressed as a percentage.

Dividends Paid

The total amount of money distributed to shareholders from a corporation's earnings.