A(n) ________ is a written, dated, and signed three-party instrument containing an unconditional order by a drawer that directs a drawee to pay a definite sum of money to a payee on demand or at a specified future date.

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A bill of exchange is a three-party instrument containing an unconditional order by a drawer (the issuer) that directs a drawee (usually a bank) to pay a definite sum of money to a payee (the recipient) on demand or at a specified future date. It is a type of negotiable instrument, similar to a check, and is commonly used in international trade transactions. The other options, codicil, promissory note, and deed, are not types of bills of exchange.

A(n) ________ Is a Written, Dated, and Signed Three-Party Instrument