Match the Words with the Most Closely Associated Term

question 41

Multiple Choice

Match the words with the most closely associated term.
-Oil

• A)decomposition with cold water
• B)plant origin
• C)microorganism origin

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Definitions:

Order Instrument

A financial instrument that is payable to a specific person or their order, thus requiring endorsement for transfer.

Bearer Instrument

A negotiable financial instrument, such as a check or bond, that entitles the holder in possession to the rights of the instrument, with no need to prove ownership.

Assignee

The party who receives rights or interests in a contract from the assignor.

Holder

An individual or entity that legally possesses a negotiable instrument, such as a check or promissory note, and has the right to enforce its terms.