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Margot is interested in determining if people who play video games also socialize while playing their games. She goes to a local arcade and carefully observes the behaviour of persons in the area. Margot is collecting information with the
Restricting Payment
Implies conditions or limitations placed on the distribution or release of funds.
Special Indorsement
A signature on a negotiable instrument, such as a check, that specifies the person to whom the instrument is to be payable, thereby restricting further transfer.
Pay to the Order
A phrase written on checks or drafts instructing the financial institution to pay the specified amount to the individual or entity named.
Trust
A fiduciary relationship in which one party, known as the trustee, holds property on behalf of another party, known as the beneficiary.
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