Question

It 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.
It is a certain type of document which is used in commercial transaction and includes a
promise to pay a specific amount to the bearer of the document. It is basically a transfer
of debt from one party to other.
It facilitates credit trade, having acquired great significance in modern business world.
Identify It, discussing the features contained therein. ​

Answer 1

Answer:

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