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In a normal costing system, the overhead allocation rate is calculated as
Bearer Instrument
A type of negotiable instrument that is payable to the holder or presenter, rather than a named individual.
Payable to Cash
A term indicating that a financial instrument, like a check, is written in such a manner that it can be cashed or negotiated by any holder, not just a specific payee.
"Pay to the Order of Bearer"
A phrase used on checks or other negotiable instruments that indicates the person possessing the document has the right to cash or negotiate it.
Drawee
The party, typically a bank, required to pay the specified amount on a check or draft when it is presented for payment.
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