Negotiable Instrument
A written promise or order to pay a specific sum of money that may be transferred by endorsement or delivery. The transferee then has the original payee's right to payment.
Uniform Commercial Code
Concerned with person property transaction, not real estate, governs the documents when personal property is used as security for a loan
Contract Law
set of laws that specify what constitutes a legally enforceable agreement
Draft
a document ordering the payment of money
Sight Draft
draft payable on sight when the holder presents it for payment
Trade Acceptance
form signed by a buyer at the time of the time of a sale of merchandise in which the buyer promises to pay the seller a specified sum of money, usually at a stated time in the future
Banker's acceptance
is an order to pay a specific amount of money to the bearer on a given date
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