Match each term to its meaning

Exercise and reference answers

Matching pairs

1. Left

   Promissory note

   Right

   A promise to pay a sum

2. Left

   Bill of exchange

   Right

   An order to another to pay

3. Left

   Cheque

   Right

   A bill drawn on a banker

4. Left

   Holder

   Right

   Entitled to possess and recover

5. Left

   Holder in course

   Right

   Took it for value, in good faith

6. Left

   Payee

   Right

   The person the money goes to

Instructions

Tap a term on the left, then tap its meaning.

Explanation