Examlex
Match each description with the item below.
-Douglas MacArthur
Drawee
The party in a financial transaction who is directed to pay a certain sum, typically the bank on which a check is drawn.
Negotiable
Capable of being transferred or converted into goods, services, or money under terms agreeable to the involved parties.
Payable To Order
A clause on a financial document that specifies who can receive the payment, allowing the initial payee to endorse it over to another party.
Payable To Bearer
Payable to bearer describes a financial instrument, such as a check or bond, that is payable to the holder or presenter of the document, rather than a specific individual.
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