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What are monetary instruments?

Monetary instruments include:

1) U.S. or foreign coins and currency;
2) Travelers checks in any form;
3) Negotiable instruments (including checks, promissory notes, and money orders) that are either in bearer form, endorsed without restriction, made out to a fictitious payee, or otherwise in a form that the funds can be transferred to another;
4) Incomplete instruments (including checks, promissory notes, and money orders) signed, but with the payee’s name omitted; and
5) Securities or stocks in bearer form or otherwise in a form which ownership can be transferred to another.

However, the term “monetary instruments” does not include:
1) Checks or money orders made payable to the order of an individual or entity which have not been endorsed or which bear restrictive endorsements;
2) Warehouse receipts; or
3) Bills of lading.