Examlex
Which of the these pairs is incorrectly matched?
Negotiability
The feature of a financial instrument that allows it to be transferred or assigned freely from one party to another.
Default
Failure to fulfill a legal obligation, especially failing to make a required payment on a loan or financial agreement.
Time Instrument
A financial document or negotiable instrument that promises payment of a certain sum of money at a future date, as opposed to on demand.
Payment
A financial transaction where money is transferred in exchange for goods or services.
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