If an Instrument Has No Room for an Endorsement or If

question 82

Multiple Choice

If an instrument has no room for an endorsement or if all the room has been taken by previous endorsements,what may be attached?

• A)Allonge
• B)Special endorsement
• C)Acknowledgement
• D)Codicil
• E)Blank endorsement

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Definitions:

Indenture

A formal legal agreement, contract, or document, especially one with specific pledges or terms.

Bond Creditors

Creditors who have lent money to a company or government by purchasing bonds issued by the entity.

Written Agreement

A formal document detailing the terms and conditions of a contract agreed upon by two or more parties.

Stripped Bond

A bond that has had its coupon payments removed, leaving only the principal payment, which is received at maturity.