payable to order

payable to order
Describing a bill of exchange in which the payee is named and on which there are no restrictions or endorsements; it can therefore be paid to the endorsee.

Accounting dictionary. 2014.

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  • payable to order — ► FINANCE used on a bond, cheque, etc. to state that the amount of money shown should be paid to the person who is named on it: »If an instrument is not payable to order or to bearer, it is not negotiable. Main Entry: ↑payable …   Financial and business terms

  • payable to order — n. To be paid only to a specific payee. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

  • payable to order — Describing a bill of exchange in which the payee is named and on which there are no restrictions or endorsements; it can therefore be paid to the endorsee …   Big dictionary of business and management

  • payable to order — Words of negotiability. 11 Am J2d B & N § 105 …   Ballentine's law dictionary

  • order bill — a bill of exchange payable to order is a bill payable to a given person, or as such person shall direct by an indorsement he may make on it. Until the bill is so indorsed no other person can maintain an action on it. Collins dictionary of law. W …   Law dictionary

  • payable — Capable of being paid; suitable to be paid; admitting or demanding payment; justly due; legally enforceable. A sum of money is said to be payable when a person is under an obligation to pay it. Payable may therefore signify an obligation to pay… …   Black's law dictionary

  • payable — ready to be paid. Glossary of Business Terms * * * payable pay‧a‧ble [ˈpeɪəbl] adjective [not before a noun] 1. ACCOUNTING a bill, debt etc that is payable must be paid, often by a certain date: • Shareholders will receive a final dividend of… …   Financial and business terms

  • order — A mandate; precept; command or direction authoritatively given; rule or regulation. Brady v. Interstate Commerce Commission, D.C.W.Va., 43 F.2d 847, 850. Direction of a court or judge made or entered in writing, and not included in a judgment,… …   Black's law dictionary

  • payable to bearer — Describing a bill of exchange in which neither the payee or endorsee are named. A holder, by adding his or her name, can make the bill payable to order …   Accounting dictionary

  • payable to bearer — Describing a bill of exchange in which neither the payee or endorsee are named. A holder, by adding his name, can make the bill payable to order …   Big dictionary of business and management

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