Essentials of Business Law 7th Edition by Anthony Liuzzo

Exercise 3

Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column.
a. bad check
b. draft or bill of exchange
c. cashier's check
d. certified check
e. check
f. drawee
g. drawer
h. holder
i. maker
j. negotiability
k. payee
l. postdated check
m. promissory note
n. raised check
o. stop-payment order
A characteristic of a credit instrument that allows its transfer from one party to another.