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Long-term debt associated with governmental activities i.e. that is to be paid with tax revenues is reported in the government-wide statements but not in the governmental fund statements
Effective Indorsement
A signature on a negotiable instrument, such as a check or promissory note, that transfers the rights in that instrument to another party.
Holder
An individual or entity that legally possesses a negotiable instrument, such as a check or bond, and has the right to collect the value of the instrument.
Blank Indorsements
involves an endorsement on a financial instrument, like a check, that specifies no endorsee, making it payable to the bearer.
Indorser
An individual or entity that signs on the back of a negotiable instrument, thereby transferring ownership or guaranteeing payment to another party.
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