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Ch 16: Negotiable Instruments
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indorser:Indorses a bill or cheque in order to transfer it.
indorsee:The person to whom rights are transferred by indorsement of the cheque.
bearer:Person that has possession of a bearer bill.
negotiable:.................... instrument. A document that carries a legal right to receive money.
payee:The person to whom the drawee of a bill is required to pay.
billofexchange:A financial instrument that requires a party named in the document to pay a specified amount to another on a specified date (three words).
drawee:The person to whom the bill or cheque is addressed.
drawer:Draws or directs payment of a bill of exchange or cheque.
crossings:A direction to the drawee bank not to pay cash for the cheque over the counter.
holder:Person in possession of a bill.
nemodat:.................... rule. States that a person cannot give what they do not have.
promissory:..................... note. An instrument created by one party stating their promise to pay another.
cheque:A type of bill of exchange where the drawee is always a financial institution.
Ch 16: Negotiable Instruments
Across:3. | A direction to the drawee bank not to pay cash for the cheque over the counter. | 5. | Person in possession of a bill. | 10. | .................... rule. States that a person cannot give what they do not have. | 11. | The person to whom the drawee of a bill is required to pay. | 12. | .................... instrument. A document that carries a legal right to receive money. | 13. | A type of bill of exchange where the drawee is always a financial institution. |
| | Down:1. | The person to whom rights are transferred by indorsement of the cheque. | 2. | Draws or directs payment of a bill of exchange or cheque. | 4. | A financial instrument that requires a party named in the document to pay a specified amount to another on a specified date (three words). | 6. | ..................... note. An instrument created by one party stating their promise to pay another. | 7. | Person that has possession of a bearer bill. | 8. | Indorses a bill or cheque in order to transfer it. | 9. | The person to whom the bill or cheque is addressed. |
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PuzzleFast.com, Noncommercial Use Only
Ch 16: Negotiable Instruments
Across:3. | A direction to the drawee bank not to pay cash for the cheque over the counter. | 5. | Person in possession of a bill. | 10. | .................... rule. States that a person cannot give what they do not have. | 11. | The person to whom the drawee of a bill is required to pay. | 12. | .................... instrument. A document that carries a legal right to receive money. | 13. | A type of bill of exchange where the drawee is always a financial institution. |
| | Down:1. | The person to whom rights are transferred by indorsement of the cheque. | 2. | Draws or directs payment of a bill of exchange or cheque. | 4. | A financial instrument that requires a party named in the document to pay a specified amount to another on a specified date (three words). | 6. | ..................... note. An instrument created by one party stating their promise to pay another. | 7. | Person that has possession of a bearer bill. | 8. | Indorses a bill or cheque in order to transfer it. | 9. | The person to whom the bill or cheque is addressed. |
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© 2013
PuzzleFast.com, Noncommercial Use Only