negotiable instrument

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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.)

References in periodicals archive ?
The requirement of precision in the amount of negotiable instruments applies to the principal amount, and not to ancillary and incidental additions of interest or exchange.
The result is to reduce diligence demands on purchasers of negotiable instruments (91) and to ease enforcement of the instrument.
Under Massachusetts law, a holder in due course takes a negotiable instrument free from the claims of others; however, when the taker obtains the instrument with notice of another's claim to the instrument, notice will negate the taker's holder in due course defense.
A check, both as a tangible piece of paper and as a negotiable instrument representing the intangible right to collect money upon presentment, would generally qualify as covered property under Coverage C.
The eOriginal core technology components and architecture, eCore, will also be able to be licensed by enterprise companies to create, execute, store, trade, transfer and syndicate legally enforceable, electronic negotiable instruments and source records using existing enterprise applications platforms.
The Eighth Circuit disagreed and held that the doctrine of constructive receipt as developed in the Code takes precedence over the law of negotiable instruments.
The Negotiable Instruments Law of the People's Republic of China was enacted on May 10, 1995, by the Eighth Standing Committee of the National People's Congress, the highest legislative body of the People's Republic of China (PRC).
The company's licensed business includes Discounting/Purchasing of Negotiable Instruments, Securities, Participation Term Certificates, Term Finance Certificates and Investment Certificates issued by DFI's and banks and bills receivable for services rendered.
1) The most prevalent problem in the industry, by far, centers on check fraud, but also involves other counterfeit negotiable instruments, such as traveler's checks, credit cards, certified bank checks, money orders, and currency.
Under current bond forms, "negotiable instruments" in transit must be transported by a "transportation company" in an armored vehicle in order to be insured as negotiable instruments.
Historically, the fundamental law governing checks and bank deposits has been state law, Articles 3 and 4 of the Uniform Commercial Code, and the Uniform Negotiable Instruments Act before the Uniform Commercial Code, and the common law before that.
These new shares are negotiable instruments and will in every respect carry the same rights as the existing shares from the time of registration of the capital increase with the Danish Business Authority (which is expected to occur on 29 January 2018).