When a specific payee is named, the document is a(n) ________ instrument.
A) demand
B) order
C) transitional
D) notified
E) receiver

Name: When a specific payee is named, the document is a(n) ________ instrument. A) demand B) order C) transitional D) notified E) receiver
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When a specific payee is named in a financial document, it is referred to as an "order" instrument. This means the document is payable to the order of a specific person or entity named in the document.

When a Specific Payee Is Named, the Document Is A(n)