JOINT PAYEE ENDORSEMENT Definition

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JOINT PAYEE ENDORSEMENT, normally, when a bank draft is made out to two parties both parties are required to endorse the back of the bank draft before it will be honored by the bank.

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POISON PILL is where the targeted company defends itself by making its stock less attractive to an acquirer.

CHURNING, in securities, is the frequent trading of an account in order to generate commissions.

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