The collective body of laws governing financial instruments such as checks, promissory notes, and bills of exchange.

Promissory notes and bills of exchange received from other parties that are not payable on demand; listed as an asset in accounting.

The process where banks exchange bills and checks to settle debts and pay only the net difference, saving time and cash usage.

A central office where banks exchange checks and settle accounts.

A book containing vouchers, receipts, bills, or checks.