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A model can be accurately described as a
Assignee
The individual or entity to whom rights or property are legally transferred.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer name either mentioned or implied.
Rights
Entitlements or permissions granted to individuals or entities, legally or ethically, to perform certain actions or to be in a particular state.
Indorsement
An act of signing one's name on the back of a check or other negotiable instrument, thereby transferring the rights to another party.
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