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Negotiating the Instrument
Refers to the process of bargaining or discussing the terms of a financial document, such as a check or a bill of exchange, to reach an agreement.
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.
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