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Negotiable Instrument
A signed document containing an unconditional promise or order to pay a specified sum of money to a designated person or to the bearer of the document.
Maker
In terms of financial instruments like checks or promissory notes, the maker is the party that promises to pay a certain amount of money.
Bearer
A person who is in possession of a negotiable instrument that is payable to the “bearer” or “cash” or that has been indorsed in blank.
Indorses
To sign the back of a financial document, transferring interest or rights to another party.
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