Since Treasury Bills Are Issued in Bearer Form, They Are

question 261

True/False

Since Treasury bills are issued in bearer form, they are considered to be virtually risk-free.

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Definitions:

Legal Title

The formal right of ownership to property, recognized and protected by law.

Administer

To manage or direct the execution of affairs, the application of substances, or the carrying out of certain actions.

Probate

The legal process of validating a will and distributing a deceased person's assets under supervision.

Resulting Trust

An implied trust that arises when one party holds the legal title to another’s property only for that other’s benefit.