Question

What are the four types of negotiable instruments?

Answer 1

Negotiable instruments include two main types: an order to pay (encompasses drafts and checks) and promises to pay (promissory notes and CD's). The instruments can also be classified as demand instruments or time instruments. Thus there are four types of negotiable instruments.

Answer 2

Most Common types of negotiable instruments are;

Promissory notes.
Bill of exchange.
Check.
Government promissory notes