Examlex
Which of the following terms most accurately describes the international economy today?
Bearer Instrument
A negotiable financial instrument, such as a check or bond, that entitles the holder in possession to the rights of the instrument, with no need to prove ownership.
Assignee
The party who receives rights or interests in a contract from the assignor.
Holder
An individual or entity that legally possesses a negotiable instrument, such as a check or promissory note, and has the right to enforce its terms.
Certificate Of Deposit
A savings certificate with a fixed maturity date and specified fixed interest rate, issued by banks to individuals investing money for a period.
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