An Example of a Transfer Payment Is

question 149

Multiple Choice

An example of a transfer payment is

• A)a teacher's paycheck.
• B)a paycheck for a member of the National Guard.
• C)a welfare payment.
• D)a purchase of a new bridge in Alaska.

---

Definitions:

Financing Statement

A document filed to give public notice of a security interest in personal property, which is usually part of a secured transaction.

UCC

Stands for Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Termination Statement

A document filed to indicate the end of a secured party's interest in the debtor's collateral, effectively releasing the security interest.

Waiver Statement

A legal document in which a person voluntarily relinquishes a known right, claim, or privilege.