Payments & Negotiable Instruments
Bank drafts, bills of exchange, banker’s acceptances, promissory notes and cheque-style instruments.
Payment instruments use overlapping words across jurisdictions. MyGreed teaches the core legal/economic idea first and flags where local bank practice or negotiable-instruments law can change the exact answer.
Bank Draft / Banker’s Draft
Learn what a bank-issued draft is and why terminology differs by country.
Lesson 1 of 8 →Cashier’s Cheque, Cashier’s Order and Certified Cheque
Separate common bank-supported cheque-style instruments.
Lesson 2 of 8 →Bill of Exchange / Trade Draft
Understand the drawer, drawee, payee, sight and time draft.
Lesson 3 of 8 →Banker’s Acceptance
See how a time draft can become an accepted bank obligation.
Lesson 4 of 8 →Promissory Note
Learn the difference between a promise to pay and an order to pay.
Lesson 5 of 8 →Three Meanings of “Draft”
Avoid one of the most common beginner misunderstandings.
Lesson 6 of 8 →Cheque Basics and Clearing
Understand payer, payee, drawer bank, deposit and clearing risk.
Lesson 7 of 8 →Payment Instrument Verification
A practical checklist before treating a bank-issued paper as good funds.
Lesson 8 of 8 →