Any passage of an instrument other than its issuance and presentment for payment is considered a(n):
A) delegation.
B) assignment.
C) designation.
D) transfer.
E) denomination.

Question

Quizplus · Accepted Answer

The only option that fits the description given in the question is "transfer." Transferring a financial instrument means moving it from one party to another without necessarily presenting it for payment. Delegation refers to assigning a task or responsibility to someone else, while assignment refers to transferring ownership of a debt or property. Designation and denomination do not apply in this context.

Any Passage of an Instrument Other Than Its Issuance and Presentment