Which Will Should Be Written,dated,and Signed Entirely in Your Own

question 73

Multiple Choice

Which will should be written,dated,and signed entirely in your own handwriting?

• A)Informal
• B)Marital trust
• C)Formal
• D)Statutory
• E)Holographic

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Definitions:

Par Value

The face value of a stock or bond, representing the nominal or dollar value assigned when issued.

Debentures

A type of long-term debt instrument unsecured by physical assets or collateral, relying on the creditworthiness and reputation of the issuer.

Pledged As Collateral

Assets that are offered as security for the repayment of a loan, where the lender has the right to take possession of the assets if the borrower defaults on the loan obligations.

Present Values

The monetary value now of a future lump sum or cash flow series, taking into account a particular rate of return.