pay cash or order

pay cash or order
Not the equivalent of an order to pay to a specified person or to bearer so as to constitute the instrument a bill of exchange. Orbit Mining & Trading Co. v Westminster Bank, Ltd. [1962] 3 All Eng 565 (CA). A promissory note, payable to "cash or order," and indorsed in blank by the maker thereof, is in effect "payable to bearer." Hale v State, 120 Ga 138, 47 SE 547.

Ballentine's law dictionary. . 1998.

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