negotiable instrument


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negotiable instrument

n
(Banking & Finance) a legal document, such as a cheque or bill of exchange, that is freely negotiable
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.negotiable instrument - an unconditional order or promise to pay an amount of moneynegotiable instrument - an unconditional order or promise to pay an amount of money
legal document, legal instrument, official document, instrument - (law) a document that states some contractual relationship or grants some right
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
bill of exchange, draft, order of payment - a document ordering the payment of money; drawn by one person or bank on another
References in periodicals archive ?
However, the supplier or buyer also creates a "draft," a "bill of exchange," a "negotiable promissory note," or another form of negotiable instrument.
that a negotiable instrument "is a courier without luggage," has been made to do much service in the discussion of this subject.
56) Transfer of a negotiable instrument under Article 3 occurs through delivery of the instrument to the transferee "for the purpose of giving to the person receiving delivery the right to enforce the instrument.
I do not see that air miles fall under the definition of a negotiable instrument.
The registration of the eNote is necessary because the promissory note, in paper or electronic form, is a negotiable instrument that guarantees payment to the owner or the holder.
First came an Islamic deposit product, the AmEnergy Islamic Negotiable Instrument of Deposit (NID-i) in April, which was created to offer its customers more options in their investment portfolios.
Banks Association (PBA) so that it could be used in the current season as a negotiable instrument.
He informed the house that after the issue of payments to cane growers taken up in the house, the members held a detailed meeting with Secretary Food and Cane Commissioner in the Assembly Chamber of the Speaker and it was suggested that payment slip by the mills should be made a negotiable instrument.
A negotiable instrument is typically a written document that either provides evidence of financial credit or acts as a substitute for money.
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.
Hawala does not involve the immediate movement of any negotiable instrument nor are actual funds immediately transmitted anywhere.
In December last year, a Southampton court held that domain names are not goods ( at least not within the meaning of the Torts (Interference with Goods) Act 1977, as they are not physical objects nor are they any type of negotiable instrument.