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Business Law II

Credit, Bankruptcy, Commercial Paper

Blank Endorsement an endorsement that consists of the endorser's signature only
Certificate of Deposit the promise of a bank to repay with interest a deposit of money at a definite future date
Check draft written on a bank by a depositor
Commercial Paper unconditional written promise or order to pay a sum of money
Draft unconditional written order from one person directing another to pay money to a third person (bill of exchange)
Endorsement act of placing one's signature on the back of an instrument for the purpose of transferring instrument to another
Maker party who executes promissory note or a certificate of deposit
Order Paper instrument issued or endorsed to the order of a specified person
Payee person to whom a negotiable instrument is payable
Promissory note unconditional written promise to pay a sum of money to another by a definite time
Qualified Endorsement endorsement to disclaim or limit the endorser's contract liability
Restrictive Endorsement endorsement that indicates the use of the proceeds or imposes a condition on payment
Special Endorsement endorsement making the paper payable to the other of a designated party
Created by: lwidener
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