The words order and bearer are words of negotiability.

Name: The words order and bearer are words of negotiability.
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Question

Quizplus · Accepted Answer

The terms "order" and "bearer" are crucial in determining the negotiability of a financial instrument, such as a check or promissory note. "Order" means the instrument is payable to a specific person or entity, and "bearer" means it is payable to whoever holds the instrument.

The Words Order and Bearer Are Words of Negotiability