A Blank Endorsement Indicates the Person to Whom the Instrument

question 8

True/False

A blank endorsement indicates the person to whom the instrument is to be paid-that is, the transferee.

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Definitions:

Assistance Program

A government or private program designed to provide financial or other support to individuals or groups in need.

Earned Income

Money received for work performed such as wages, salaries, or professional fees.

Tax Credit

A direct reduction in tax liability (not merely a reduction of taxable income) that taxpayers receive for certain expenditures or investments.

Taxpayers

Individuals or entities that are required to pay taxes to a government authority, based on income earned or property owned.