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LSDefine

Simple English definitions for legal terms

order paper

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A quick definition of order paper:

An order paper is a type of written or printed document that can be used to pay a specific person or anyone that person chooses. It is different from bearer paper, which can be paid to whoever holds it. Commercial paper is a type of order paper that is used for business transactions, such as checks or certificates of deposit. Other types of order paper include accommodation paper, bankable paper, and commodity paper.

A more thorough explanation:

Definition: Order paper is a type of negotiable instrument that is payable to a specific person or to anyone that the payee designates.

For example, a check made out to John Smith is an order paper because it is payable only to John Smith. However, if the check is made out to "cash" or "bearer," it becomes a bearer paper because it is payable to whoever holds the check.

Order paper is different from bearer paper because it requires the endorsement of the payee to transfer ownership. This means that the payee must sign the back of the order paper to transfer it to someone else.

Order paper is commonly used in commercial transactions, such as when a company issues a check to pay for goods or services.

order of the day | ordinandi lex

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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