After an Employee Works for an Employer for a Certain

question 52

Multiple Choice

After an employee works for an employer for a certain period of time,the employee is entitled to the money in his or her pension plan.This worker is now:

• A) secured.
• B) endowed.
• C) vested.
• D) integrated.

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Definitions:

Draft

An order or bill of exchange instructing the payment of a specified sum of money from one party to another, often used in international trade.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Signature

A person’s handwritten or digital mark or stamp, used to signify agreement, approval, or identity.

Liability

Legal responsibility or obligation for actions, which can result in the requirement to compensate for harm or damages caused.