Indebtedness that can be transferred within trading without any conditions, thus allowing it to be used in the same way money or capital would be in a deal. These promise to pay orders will then be paid out to the new owner of the indebtedness after the arrangement or deal is finalized.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser