When a specific payee is named, the document is a(n) ________ instrument.

A) demand
B) order
C) transitional
D) notified
E) receiver

Order Instrument

A financial document that is payable to a specific person or entity named on the document, necessitating endorsement for transfer.

Specific Payee

indicates a person or entity named explicitly in a negotiable instrument as the recipient of the payment.

Document

A recorded piece of information, either in physical or electronic format, used for communication or to provide evidence.