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Under GASB, modified accrual accounting would be found in the:
Holder In Due Course
A person who acquires a negotiable instrument before its due date that is complete and regular on its face, and who gave value for the instrument, without any knowledge of default or defect in the title of prior holders.
Negotiable Instrument
A written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the name of the payer and payee.
Promissory Note
A financial instrument containing a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.
Banker's Acceptance
A short-term debt instrument issued by a company that is guaranteed by a commercial bank.
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