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Earmark (politics) In public finance, an earmark is a provision inserted into a discretionary government spending appropriations bill that directs funds to a specific recipient while circumventing the merit-based or competitive funds allocation process. The term earmark is used in this sense in the United States and South Africa.
Introduction of bill of exchange. A negotiable instrument or draft is a written order by the drawer to the drawee to pay money to the payee. A common type of bill of exchange is the cheque (check in American English), defined as a bill of exchange drawn on a banker and payable on demand.