Examlex
Which of the following applies to policy dividends from insurance?
Indorsed
means to have a signature added to the back of a financial instrument, thereby authorizing its use or transfer to another party.
Order Paper
A financial instrument made out to a specific individual or entity and can only be transferred to a new holder when endorsed by the named party.
Special Indorsement
An endorsement on a negotiable instrument, such as a check, that specifies the person to whom or to whose order the money is to be paid.
Bearer Paper
A negotiable instrument or document of title that entitles the holder or bearer to the rights specified in the document, without needing to prove ownership.
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