Under a Commercial Crime Coverage Form of the Commercial Package Policy (CPP), all of the following are included under the definition of money EXCEPT
Evidence of debt is not included under the definition of money in a Commercial Crime Coverage Form.
In the context of a Commercial Crime Coverage Form, "money" specifically refers to tangible forms of currency and instruments that can be used for transactions. Evidence of debt, while representing a financial obligation, does not fall under the category of money as it is not a form of currency or negotiable instrument.
Currency is a physical form of money, consisting of coins and paper bills that are used for transactions. It is explicitly included in the definition of money in the Commercial Crime Coverage Form, as it represents legal tender that can be used to settle debts and purchase goods and services.
Travelers checks are considered a form of money because they are pre-printed, fixed-amount checks that can be used instead of cash for transactions. They are treated as negotiable instruments under the Commercial Crime Coverage Form, making them part of the definition of money.
Coins are another tangible form of currency, representing a physical medium of exchange. Like paper currency, coins are included under the definition of money in the Commercial Crime Coverage Form due to their direct use in trade and transactions.
In summary, under the Commercial Crime Coverage Form, money is clearly defined to include tangible forms such as currency, coins, and travelers checks. However, evidence of debt does not qualify as money, as it is a representation of a financial obligation rather than a physical medium of exchange. This distinction is crucial for understanding coverage under the policy.
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