Select the one term that best fits each definition.
-A written, signed, and dated order from one party ordering another party, usually a bank, to pay money to a third party.

Question

Quizplus · Accepted Answer

A draft is a financial instrument that involves a written order by one party (the drawer) to another party (the drawee), typically a bank, to pay a specified sum of money to a third party (the payee) on demand or at a specified future date.

Select the One Term That Best Fits Each Definition