Examlex
Compare and contrast ascribed, achieved, and master statuses. Provide an example of each.
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.
Transferability
The ease with which ownership rights of certain assets, securities, or financial instruments can be transferred from one party to another.
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