Match the Following: A.The Sender of a Payment Order.b.A Specialized Form of Draft;an

question 1

Essay

Match the following:
a.The sender of a payment order.b.A specialized form of draft;an order to pay money,drawn on a bank and payable on demand.c.Defenses available against all holders.d.Signature identifying an indorsee to be paid and making the instrument order paper.e.A person who is in possession of an instrument with all necessary indorsements.f.Signature that specifies no indorsee and may consist of merely the signature of the indorser or her authorized agent.g.The person who executes a promissory note and who promises to pay it.h.A written acknowledgment by a bank of the receipt of money that it promises to repay on demand or at a stated future date,with interest at a stated rate;a specialized form of promise to pay money that is given by a bank.i.A party to whom a draft is directed,and who is requested to pay the amount of money ordered therein;the bank on which a check is drawn.j.The person who writes a check or draft;the person on whose account a draft is drawn.k.A signature that attempts to limit the rights of the indorsee in some fashion.l.A sender's written,electronic,or oral instruction to a receiving bank to pay,or to cause another bank to pay,a fixed or determinable amount of money to a beneficiary.m.The person in whose favor a promissory note or draft is made or drawn.n.Defenses which are good against holders unless they have rights of holders in due course.o.An instrument involving two parties,one of whom promises to pay to the order of the second a stated sum of money either on demand or at a stated future date.p.A paper,containing an indorsement,affixed to a negotiable instrument.q.The transferee of a holder in due course succeeds to the rights of a holder in due course even if the transferee does not qualify for holder in due course status.r.The bank in which the payee or holder deposits a check for credit.s.A bank,other than the depositary or payor bank,involved in the collection process.t.Legal concept that makes written instruments freely transferable and therefore a readily accepted form of payment in substitution for money.
-allonge

---

Definitions:

Convertible Bonds

A type of bond that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder.

Average Number

This typically refers to the statistical measure calculated by summing the values in a set and dividing by the count of values, used in various contexts such as finance, math, and statistics.

Convertible Securities

Financial instruments, such as bonds or preferred shares, that can be converted into a specified amount of another asset, typically common stock, at a predetermined price or timing.

Fair Value

The price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.