Examlex
Name and discuss the seven phases of the audit process.
Blank Indorsement
An indorsement that specifies no particular indorsee and can consist of a mere signature. An order instrument that is indorsed in blank becomes a bearer instrument.
Special Indorsement
An indorsement on an instrument that indicates the specific person to whom the indorser intends to make the instrument payable—that is, it names the indorsee.
Convert
To change the form, character, or function of something to another state or type, often referring to assets or data transformation.
Stolen Bearer Instrument
A negotiable financial instrument that was unlawfully taken from its rightful owner and is payable to whoever holds the document.
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