Paper-Based Instruments definition

Paper-Based Instruments means travelers cheques, bank drafts (a type of cheque where the payment is guaranteed to be available by the issuing bank), bill of exchange (a written order directing that a specified sum of money be paid to a specified Person), a negotiable instrument (an unconditional order or promise to pay an amount of money) or any other Paper-Based Instrument by which a Person promises to pay another Person a sum of money. For the purposes of these terms and conditions a cheque is not a Paper-Based Instrument.
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Related to Paper-Based Instruments

  • Eligible Instruments means monetary assets, money market instruments and securities that are payable in Dollars only and essentially risk free as to collection of principal and interest, including U.S. Government Obligations.

  • Agreements and Instruments has the meaning set forth in Section 2(a)(xiii).

  • Money Market Instruments means instruments normally dealt in on the money

  • Trade Instruments means any performance bonds, advance payment bonds or documentary letters of credit issued in respect of the obligations of any member of the Group arising in the ordinary course of trading of that member of the Group.

  • Pledge Instruments With respect to each Cooperative Loan, the Stock Power, the Assignment of Proprietary Lease and the Security Agreement.