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A promissory note is an unconditional written promise by one party (the maker) to pay a certain sum of money to another (the payee) or to order, either at a fixed or determinable future time or on demand.

A draft is a written order by one party (the drawer) to another party (the drawee) to pay money to a third party (the payee). It requires the drawee's acceptance to create an obligation.

A check is a special form of draft that is drawn on a bank and payable on demand. It is an order by the account holder (drawer) to the bank (drawee) to pay a specified sum to the person indicated (payee).

A certificate of deposit is a written acknowledgment by a bank that it has received money from an individual and promises to repay the sum, with interest, to the bearer at a future date.

Commercial paper refers to short-term, unsecured promissory notes issued by corporations, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities.

Trade acceptance is a draft or bill of exchange drawn by the seller on the purchaser and accepted by the purchaser. It signifies the purchaser's promise to pay the face amount at a future specified time.

A bankers' acceptance is a draft or bill of exchange accepted by a bank. It is a promise to pay a specific amount of money at a future date, usually used in international trade to finance transactions.

A time draft is a draft that is payable at a fixed or determinable future time after it is accepted. It is used in both domestic and international trade.

A sight draft is a draft payable on sight, meaning as soon as it is presented for payment. It requires immediate payment upon presentation and acceptance and is often used in international trade.