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What is Understanding Property Endorsements about?
This document explains the different types of endorsement of securities, specifically ownership endorsement, power of attorney endorsement, and guarantee endorsement. Ownership endorsement transfers full ownership of the security to the endorsee, making them the legitimate holder. Power of attorney endorsement grants collection powers but does not transfer ownership. And guarantee endorsement allows the security to be used as collateral to obtain a loan.
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- ScribdTranslations
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- EN