A financial instrument, by its possession, that entitles the holder to receive the payments are called:
A) principal instruments.
B) interest only instruments.
C) registered instruments.
D) bearer instruments.

Question

Quizplus · Accepted Answer

Bearer instruments are financial instruments that entitle the holder to receive payments simply by possessing them, without the need for registration or identification.

A Financial Instrument, by Its Possession, That Entitles the Holder