A Voucher Is a Written Authorization to Make a Cash

question 32

True/False

A voucher is a written authorization to make a cash payment.

---

Definitions:

Promissory Note

A financial instrument indicating a written promise by one party to pay a definite sum of money to another party under agreed terms.

Notice

A formal communication or announcement given to someone to make them aware of something or to officially inform them of a decision or legal requirement.

Overdue

A status indicating that a payment, task, or obligation has not been fulfilled by the designated or expected deadline.

HDC Status

Holder in Due Course Status; a term in negotiable instruments law referring to a person who has acquired a negotiable instrument in good faith for value, and thus has certain protections.