Negotiable Instruments

A negotiable instrument may be oral or written.

A written promise by one person to pay money to another person is called a(n)

Certificates of deposit generally pay more _____ than regular savings accounts.

The act of placing one's signature on an instrument, usually on the back, to transfer it to another:

A distinctive mark, characteristic, indicating identity:

Without conditions or limitations; absolute

Stop payment orders are good for six months, whether they be written or verbal.

To be negotiable, a promissory note or a certificate of deposit must contain a conditional promise to pay money.

The most common type of indorsement that automatically transfers order paper into bearer paper is a:

Indorsing the instrument with the words "For Deposit Only" is an example of this type of indorsement: