Examlex
In an ERP system,data does not flow from one module to another.
Negotiable Instrument
A negotiable instrument is a signed document promising to pay the bearer or assigned holder a specific sum of money, such as checks, promissory notes, and drafts.
Payee
The person or entity to whom a payment is directed or made, typically referred to in financial transactions.
Commercial Paper
Unsecured promissory notes with a fixed maturity of usually less than 270 days, used extensively in the financing of business operations.
UCC
The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States, including sales, leases, negotiable instruments, and secured transactions.
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