Examlex
A correct name for the following compound is:
Cash
Money in the form of bills or coins; physical currency that is used as a medium of exchange.
Assignment
A process by which one party transfers rights, duties, or property to another.
Promissory Note
A financial instrument in which one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time or on demand of the payee.
Payee
A person to whom an instrument is made payable.
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