If You Have Worked for a Company Long Enough to Claim

question 60

Short Answer

If you have worked for a company long enough to claim a portion of your employer-sponsored retirement plan, you are ________ in the plan.

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Definitions:

Payable to Bearer

A designation on a financial instrument (like a check) meaning the person in possession of it can redeem it for its value.

UCC

The Uniform Commercial Code comprises a broad framework of regulations that control commerce transactions within the United States.

Payee

The party in a transaction who receives the payment.

Unconditional Promise

A pledge or assurance without any stipulations, qualifiers, or conditions, guaranteeing certain actions or outcomes.