Logo
Pattern

Discover published sets by community

Explore tens of thousands of sets crafted by our community.

Negotiable Instruments Knowledge

10

Flashcards

0/10

Still learning
StarStarStarStar

Promissory Note

StarStarStarStar

A written promise to pay a definite sum of money to a specific person either on demand or at a future specified date.

StarStarStarStar

Certificate of Deposit (CD)

StarStarStarStar

A document issued by a bank acknowledging a deposit of money and a promise to repay the depositor, together with interest, at a future date.

StarStarStarStar

Draft

StarStarStarStar

A written order by one party (drawer) to another party (drawee) to pay money to a third party (payee).

StarStarStarStar

Check

StarStarStarStar

A special form of draft that is a written order to a bank to pay a specified sum from the drawer's account to the bearer or a named party.

StarStarStarStar

Banker's Acceptance

StarStarStarStar

A promised future payment, or time draft, which is accepted and guaranteed by a bank and drawn on a deposit.

StarStarStarStar

Commercial Paper

StarStarStarStar

An unsecured, short-term debt instrument issued by a corporation, with a fixed maturity of up to 270 days.

StarStarStarStar

Treasury Bill (T-Bill)

StarStarStarStar

A short-term government debt obligation backed by the Treasury Department with a maturity of one year or less.

StarStarStarStar

Bearer Instrument

StarStarStarStar

A type of negotiable instrument that is payable to whoever holds the instrument, rather than a named payee.

StarStarStarStar

Order Paper

StarStarStarStar

A negotiable instrument that is payable to a specific person or entity, whose name is written on the instrument.

StarStarStarStar

Traveler's Check

StarStarStarStar

A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.

Know
0
Still learning
Click to flip
Know
0
Logo

© Hypatia.Tech. 2024 All rights reserved.