When a specific payee is named in an instrument,this is known as a(n) ________ instrument.

A) demand
B) order
C) conditional
D) bearer
E) qualified

Order Instrument

A financial document that is payable to a specific person or entity, as named or endorsed on the instrument.

Specific Payee

A person or entity named in a negotiable instrument to whom or to whose order the money is directed to be paid.