If an instrument is made payable to cash,it is called bearer paper.

Name: If an instrument is made payable to cash,it is called bearer paper.
Brand: Quizplus
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Quizplus · Accepted Answer

Bearer paper is a type of negotiable instrument that is payable to the holder or bearer, which means it can be transferred to another person simply by physically passing the instrument along. When an instrument is made payable to cash, it is considered bearer paper because it can be redeemed by anyone who has possession of it.

If an Instrument Is Made Payable to Cash,it Is Called