Tradable legal documents {commercial paper}| include checks, promissory notes, bank drafts, deposit certificates, and most corporate bonds. Commercial paper can be non-transferable {non-negotiable}. In this case, debtor owes money to party. Commercial paper can be transferable {negotiable}. Debtor pays parties to whom paper transfers. Transfer can be by endorsement, the same as checks. Transfer can be by writing "pay to the bearer", as for corporate bonds. Transfer can be by delivery.
Practical Affairs>Financial Affairs>Investing>Commercial Paper
7-Financial Affairs-Investing-Commercial Paper
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Date Modified: 2022.0224