The Word Shown in Bold Is Used Correctly in the Following

question 4

True/False

The word shown in bold is used correctly in the following sentence. We'll go farther into this proposal tomorrow.

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Definitions:

Negotiable Instrument

A signed document containing an unconditional promise or order to pay a specified sum of money to a designated person or to the bearer of the document.

Maker

In terms of financial instruments like checks or promissory notes, the maker is the party that promises to pay a certain amount of money.

Bearer

A person who is in possession of a negotiable instrument that is payable to the “bearer” or “cash” or that has been indorsed in blank.

Indorses

To sign the back of a financial document, transferring interest or rights to another party.