Date post: | 16-Dec-2015 |
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Documents |
Upload: | justin-gerald-holmes |
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Certificate of Deposit (CD)
Special type of note: 1. Bank acknowledges receipt of
money. 2. Bank promises to repay the
money.
Draft
An order to pay money.
Drawer – Orders the payment of money
Drawee – Person to pay the money
Payee – Person entitled to the money