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negotiable instrument

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Negotiable instrument
An unconditional order or promise to pay some amount of money, easily transferable from one party to another.

Negotiable
A security that may be bought or sold. Generally, a negotiable security is traded on the secondary market, but the initial sale takes place on the primary market. Negotiable securities may be low-risk, such a Treasury bonds, or high-risk, such as stocks. They are also known as marketable securities. See also: Nonmarketable security.

negotiable instrument

A document signed by the maker or drawer,containing an unconditional promise to pay a certain sum of money on demand or at a definite time to the bearer or to order but without any other promise,order,obligation,or power.(See the Uniform Commercial Code,Article 3.)



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A few countries require the declaration of negotiable instruments and this should be taken into account when crossing borders with these bonds if the nations involved require them to be declared.
95 Paperback Emanuel law outlines series KF957 Lawrence (contract law, Loyola Law School) provides a study guide to the state and federal law that applies to payment systems like electronic funds transfers, negotiable instruments, and credit cards.
The court passed the direction on a plea filed by Bhalla, challenging the metropolitan magistrate's order, which convicted him under the Negotiable Instrument Act.
 
 
 
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