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Bearer Instrument
A bearer instrument is a type of document that allows the holder to claim the rights or assets it represents without endorsing or proving ownership.
Order Instrument
A financial document that is payable to a specified person or entity, such as a check, which requires endorsement for cashing or deposit.
Endorsed
Officially approved or supported, or signed on the back to transfer ownership or to show agreement.
Negotiability
The feature of a financial instrument that allows it to be transferred or assigned from one party to another in a manner that the transferee obtains a good title.
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