"Pay to the order of Jones or Green," is an instrument that is payable to ________ payees.

A) alternate
B) consecutive
C) concurrent
D) alternative
E) obscure

Alternate Payees

Individuals or entities designated to receive payments on behalf of the original payee, often seen in legal settlements or divorce decrees involving support payments.

Pay To The Order

A directive on a financial instrument instructing the payment to the individual or entity whose name follows.