Examlex
What is the first step in the consumer buying process?
Consumer Note
A debt instrument in which the buyer agrees to pay the seller a specified amount of money at a later date, often with interest.
Negotiable Instrument
A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.
Certified Cheque
A bank-endorsed cheque that confirms the drawer has sufficient funds in their account to cover the cheque's amount.
Bill Of Exchange
A written, unconditional order by one party directing another party to pay a fixed sum of money to a third party on demand or at a set time.
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