Examlex
The NOW function is a date and time function.
Payable
Refers to an amount of money that is owed by a person or company to a creditor, typically categorized in financial statements as current liabilities.
Possesses
The act of having physical control or ownership of something, indicating a legal relationship between a person and the object being possessed.
Negotiability
The characteristic of a financial instrument that allows it to be transferred or assigned from one party to another, ensuring the receiving party obtains a good title.
Negotiable Instrument
A written order or unconditional promise to pay a fixed sum of money that is transferable from one party to another.
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