There are many Kinds of Negotiable Instrument
- Promissory notes.
- Bill of exchange.
- Government promissory notes..
- Customs Receipt
Bill of Exchange : The bill of exchange is government verified documents that force the second party to pay the amount.
Promissory Notes: Promissory Notes means that One Party gives the promise to the seconds party to give sum of money that is mentioned on the documents on decided date.
Check: Check is the safest method of giving the money. In this method the payer gives a paper (that is authorized to the banks) to the receiver and write down the amount that would be received by receiver.