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2. Promissory note - Wikipedia

   en.wikipedia.org/wiki/Promissory_note

   A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or ...

3. Bearer instrument - Wikipedia

   en.wikipedia.org/wiki/Bearer_instrument

   A bearer instrument is a document that entitles the holder of the document to rights of ownership or title to the underlying property. In the case of shares (bearer shares) or bonds (bearer bonds), they are called bearer certificates. [1] Unlike normal registered instruments, no record is kept of who owns bearer instruments or of transactions ...

4. Holder in due course - Wikipedia

   en.wikipedia.org/wiki/Holder_in_due_course

   Holder in due course. In commercial law, a holder in due course (HDC) is someone who takes a negotiable instrument in a value-for-value exchange without reason to doubt that the instrument will be paid. If the instrument is later found not to be payable as written, a holder in due course can enforce payment by the person who originated it and ...

5. Secured transactions in the United States - Wikipedia

   en.wikipedia.org/wiki/Secured_transactions_in...

   Secured transactions in the United States. Secured transactions in the United States are an important part of the law and economy of the country. By enabling lenders to take a security interest in collateral (that is, the assets of debtors ), the law of secured transactions provides lenders with assurance of legal relief in case of default by ...

6. Collateral contract - Wikipedia

   en.wikipedia.org/wiki/Collateral_contract

   A collateral contract is usually a single term contract, made in consideration of the party for whose benefit the contract operates agreeing to enter into the principal or main contract, which sets out additional terms relating to the same subject matter as the main contract. [1] For example, a collateral contract is formed when one party pays ...

7. Commercial paper - Wikipedia

   en.wikipedia.org/wiki/Commercial_paper

   Commercial paper, in the global financial market, is an unsecured promissory note with a fixed maturity of usually less than 270 days. In layperson terms, it is like an "IOU" but can be bought and sold because its buyers and sellers have some degree of confidence that it can be successfully redeemed later for cash, based on their assessment of the creditworthiness of the issuing company.