Examlex
Which of the following is most likely to require a short-term plan?
Restrictive Endorsement
A limitation placed on a check specifying the conditions under which it can be paid or transferred, often used for security purposes.
Pay To The Order
A phrase written on a financial instrument such as a check, indicating the person or entity to which the money is directed.
Bank
A financial institution licensed to receive deposits and make loans, and may offer various other financial services.
Negotiable
Capable of being discussed and terms arranged; a check is a negotiable instrument drawn against deposited funds to pay a specified amount to a person or business upon demand.
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