Any Person Authorized to Sign a Check May Stop Payment

question 49

True/False

Any person authorized to sign a check may stop payment on it,even if he/she did not sign the check in question.

---

Definitions:

Par Value

Par Value is the face value of a bond or the stock value stated in the corporate charter, below which shares cannot be issued.

Transaction Fee

A fee charged for conducting a financial operation such as trading securities, processing payments, or other transactions.

Shares

Units of ownership interest in a corporation or financial asset, giving holders a portion of the company's profits and decision-making power.

PE Ratio

A valuation metric for stocks, calculated by dividing the current market price of a stock by its earnings per share.