Bill's of exchange
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A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the document.
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ᴀ ɴᴇɢᴏᴛɪᴀʙʟᴇ ɪɴsᴛʀᴜᴍᴇɴᴛ ɪs ᴀ ᴅᴏᴄᴜᴍᴇɴᴛ ɢᴜᴀʀᴀɴᴛᴇᴇɪɴɢ ᴛʜᴇ ᴘᴀʏᴍᴇɴᴛ ᴏғ ᴀ sᴘᴇᴄɪғɪᴄ ᴀᴍᴏᴜɴᴛ ᴏғ ᴍᴏɴᴇʏ, ᴇɪᴛʜᴇʀ ᴏɴ ᴅᴇᴍᴀɴᴅ, ᴏʀ ᴀᴛ ᴀ sᴇᴛ ᴛɪᴍᴇ, ᴡʜᴏsᴇ ᴘᴀʏᴇʀ ɪs ᴜsᴜᴀʟʟʏ ɴᴀᴍᴇᴅ ᴏɴ ᴛʜᴇ ᴅᴏᴄᴜᴍᴇɴᴛ.
❥ʜᴏᴘᴇ ɪᴛ's ʜᴇʟᴘs༆
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