negotiable instrument
71fictitious payee — Negotiable instrument is drawn to fictitious payee whenever payee named in it has no right to it, and its maker does not intend that such payee shall take anything by it; whether name of payee used by maker is that of person living or dead or one …
72fictitious payee — Negotiable instrument is drawn to fictitious payee whenever payee named in it has no right to it, and its maker does not intend that such payee shall take anything by it; whether name of payee used by maker is that of person living or dead or one …
73Cheque — A Canadian cheque …
74commercial transaction — ▪ economics Introduction in law, the core of the legal rules governing business dealings. The most common types of commercial transactions, involving such specialized areas of the law and legal instruments as sale of goods and documents of… …
75endorsement — en·dorse·ment also in·dorse·ment n 1: the act or process of endorsing 2: an inscription (as a signature or notation) on a document or instrument; esp: an inscription usu. on the back of a negotiable instrument that transfers or guarantees the… …
76bearer — bear·er 1 / bar ər/ n: a person holding a check, draft, or other negotiable instrument for payment esp. marked payable to bearer or having a blank endorsement bearer 2 adj: freely transferable by the holder with or without endorsement and with… …
77Promissory note — A 1926 Promissory Note from the Imperial bank of India, Rangoon, Burma for 20,000 Rupees plus interest A promissory note is a negotiable instrument, wherein one party (the maker or issuer) makes an unconditional promise in writing to pay a… …
78Crossing of cheques — A crossed cheque – the oblique nearly vertical lines down the center are the cross. Any cheque crossed with two parallel lines means that the cheque can only be deposited directly into an account with a bank and cannot be immediately cashed by a… …
79presentment — pre·sent·ment /pri zent mənt/ n 1: the act of presenting to an authority a formal statement of a matter to be dealt with; specif: the notice or accusation of an offense by a grand jury on the initiative of the jury members or on the basis of… …
80bank — / baŋk/ n: an organization for the custody, loan, or exchange of money, for the extension of credit, and for facilitating the transmission of funds branch bank: a banking facility that is a separate but dependent part of a chartered bank; esp: a… …
