________ is the original generic term for the documents used as payments to facilitate commercial transactions.

A) Negotiable instrument
B) Commercial paper
C) Promissory paper
D) Commerce note
E) Payment note

Negotiable Instrument

A document that promises to pay a certain sum of money, which can be demanded at any time or on a fixed date, and allows the beneficiary to transfer this right to someone else.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for financing immediate needs.

Payment

The transfer of money, goods, or services as compensation or fulfillment of an obligation.