Examlex

Solved

The Name of the Field and the Data Type Would

question 72

Multiple Choice

The name of the field and the data type would be an example of ________.


Definitions:

Payee

A payee is the individual or entity to whom a payment is made, typically named or designated in a financial transaction document.

Negotiation

The transfer of a negotiable instrument in such form that the transferee becomes a holder.

Indorsement

The act of signing one's name on the back of a check or other negotiable instrument to legally transfer its ownership.

Indorsee

A person to whom a draft, note, or other negotiable instrument is transferred by endorsement.

Related Questions