any commercial paper transferable by sale or delivery and indorsement, as bills of exchange, drafts, checks, and promissory notes.

See also: Negotiable

Webster's Revised Unabridged Dictionary, published 1913 by G. & C. Merriam Co.

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References in periodicals archive

If, from their evidence, it has appeared that the instrument in question was by the general custom and practice of the business world treated as a negotiable instrument, the court has given effect to that usage, and adjudged the instrument to be subject to the same law as other negotiable paper. (31)

Negotiability of promissory notes in foreclosure cases: Ballast is not luggage

Ingham (a sociologist) begins 'The Emergence of Capitalist Credit Money' with a comparison of the orthodox and Chartalist stories of the rise of money, then moves to a discussion of Schumpeter's claim that capitalism originated with the appearance of bank-created deposits and negotiable paper that functioned as money, along with the social relations between banker-creditors and entrepreneur-debtors.

L. Randall Wray (ed.). Credit and State Theories of Money: The Contributions of A. Mitchell Innes

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Negotiable paper