Matt Writes on the Back of a Check, "I Assign

question 70

Multiple Choice

Matt writes on the back of a check, "I assign all of my rights in this instrument to Ronald Stevens." This is a(n) :

• A)qualified indorsement.
• B)assignment without negotiation.
• C)special indorsement.
• D)restrictive indorsement.

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Definitions:

Financial Adviser

A professional who provides financial services and advice to clients based on their financial situation and goals.

Retirement Portfolio

A collection of financial investments specifically chosen and managed to support an individual's financial needs in retirement.

Stocks

Shares of ownership in a company, that represent a claim on the company's earnings and assets.

Annuities

Financial products that provide a stream of payments for a fixed period or for the lifetime of the annuitant, typically used for retirement savings.