Write NO MORE THAN THREE WORDS to complete the following sentences.

LAW ON NEGOTIABLE INSTRUMENTS

1. _______________ means a valuable paper recording an order or undertaking to pay

unconditionally a specific sum within a fixed time.
2. _______________ means a valuable paper created by a drawer, requesting the drawee to pay
unconditionally a specific sum upon demand or upon a fixed time in the future to the beneficiary.
3. _______________ means a valuable paper created by an issuer, undertaking to pay
unconditionally a specific sum upon demand or upon a fixed time in the future to the beneficiary.
4. _______________ means a valuable paper created by a drawer, ordering the payer being a
bank or an organization providing payment services, which is licensed by the State Bank of
Vietnam, to pay a fixed sum from its account to the beneficiary.
5. _______________ means the person creating and signing to issue a bill of exchange or
cheque.
6. _______________ means the person liable to pay the sum stated in a bill of exchange to the
order of the drawer.
7. _______________ means the drawee upon its signing for acceptance of a bill of exchange.
8. _______________ means the owner of a negotiable instrument in the capacity of one of the
following persons:
(a) Any person being paid the sum stated in the negotiable instrument under the instruction of the
drawer or issuer;
(b) Any person to whom the negotiable instrument is endorsed [prior to its maturity for payment]
in the forms of endorsement specified in this Law;
(c) Any person as the bearer of the negotiable instrument recording the payment to be made to
the bearer.
9. _______________ means the person creating and signing to issue a promissory note.
10. _______________ means a person involved in a negotiable instrument relationship by way
of signing the negotiable instrument in the capacity of a drawer, issuer, acceptor, endorser or
guarantor.
11. _______________ means a bank or organization providing payment services which is
licensed by the State Bank of Vietnam to provide services of accepting negotiable instruments.
12. _______________ means the initial creation, signing and handing-over of a negotiable
instrument by the drawer or the issuer to the beneficiary.
13. _______________ means the transfer by the beneficiary of a negotiable instrument to the
endorsee in the forms of endorsement specified in this Law.
14. _______________ of a negotiable instrument means the purchase of the negotiable
instrument by a credit institution from the beneficiary prior to its maturity for payment.
15. _______________ of a negotiable instrument means the purchase of the negotiable
instrument, which has already been discounted by another credit institution, by the State Bank of
Vietnam or by a credit institution prior to its maturity for payment.
16. _______________ means the undertaking of the drawee to pay a part or all of the sum stated
in the bill of exchange upon maturity by signing acceptance on the bill of exchange in
accordance with the provisions of this Law.
17. _______________ means the State Bank of Vietnam or another organization which is
licensed by the State Bank of Vietnam to organize and preside over the exchange and clearance
of cheques and finalization of financial obligations arising from cheque clearing to members
being banks or organizations providing payment services which are licensed by the State Bank of
Vietnam.
18. Signature means the signature on a negotiable instrument directly made by hand by the
person having _______________ with respect to the negotiable instrument or by a person who
is authorized in accordance with law. The signature of the representative of an organization on a
negotiable instrument must be enclosed with a seal.
19. _______________ means the relationship between organizations and individuals with
respect to issuance, acceptance, guarantee, endorsement, pledge, collection, payment, recourse,
and initiation of legal action in relation to the negotiable instruments.