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6 Cards in this Set
- Front
- Back
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Commercial Paper
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substitute for money
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Promissory Note
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two party instrument in which one person makes an unconditional promise in writing to pay another person
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Certificate of Deposit
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containing an acknowledgment by a bank that it has received a deposit of money and promise by the bank to repay the sum of money
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Check
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a draft payable on demand and drawn on a bank
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Cashiers Check
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a draft which the drawer or drawee are the same bank
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Tellers Check
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a draft by a bank on another bank or payable at or through a bank
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