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Match the definition/description to the correct term. Draft Check Promissory Note Certificate of Deposit (CD) Order Instrument Bearer Instrument Time Draft Demand Instrument Sight (or
Match the definition/description to the correct term. Draft Check Promissory Note Certificate of Deposit (CD) Order Instrument Bearer Instrument Time Draft Demand Instrument Sight (or Demand) Draft Trade Acceptance Banker's Acceptance Negotiable Instrument A. A signed writing that contains an unconditional promise or order to pay an exact sum of money, on demand or at an exact future time, to a specific person or order, or to bearer. B. A written promise by one party to pay a fixed sum of money to another party or to bearer on demand or on a specified date. C. Instrument that is not payable to a specific person, including instruments payable to the one that possesses such or to "cash." D. Payable at a definite future date. E. Negotiable instrument that is payable to the order of an identified person (or to an identified person or order). F. Draft that is drawn by a seller of goods ordering the buyer to pay a specified sum of money to the seller, usually at a stated time in the future. G. A type of instrument drawn by a drawer ordering the drawee bank or financial institution to pay a certain amount of money to the holder on demand. H. An instrument made by a bank acknowledging a deposit of funds made payable to the holder of such witha promise to repay that money with interest on a specified date. I. Payable immediately after it is issued (and for a reasonable period of time thereafter). J. An order by one person to another person or to bearer. K. Promised future payment, or time draft, that is accepted and guaranteed by a bank and drawn on a deposit at a bank. L. Payable when presented to the drawee for payment
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