- A written document (i.e., instrument) that absolutely promises payment to its owner of a specific sum of money at a specific time or on demand. Negotiable instruments include checks, bills of exchange, securities and promissory notes. In broad terms, they are substitutes for money that can pass through the financial system.
Business law dictionary. 2015.
Look at other dictionaries:
negotiable instrument — n: a transferable instrument (as a note, check, or draft) containing an unconditional promise or order to pay to a holder or to the order of a holder upon issue, possession, demand, or at a specified time was determined to be a holder in due… … Law dictionary
negotiable instrument — A signed writing containing an unconditional promise or order, by the signer or maker of the instrument to pay a sum certain in money, either on demand or at a definite time, and it must be payable to the bearer or to order. Examples of… … Glossary of Bankruptcy
Negotiable instrument — A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time. According to the Section 13 of the Negotiable Instruments Act, 1881 in India, a negotiable instrument means a… … Wikipedia
negotiable instrument — An unconditional order or promise to pay some amount of money, easily transferable from one party to another. Bloomberg Financial Dictionary * * * negotiable instrument negotiable instrument ➔ instrument * * * negotiable instrument UK US noun [C] … Financial and business terms
Negotiable Instrument — A document that promises payment to a specified person or the assignee. The payee (the person who receives the payment) must be named or otherwise indicated on the instrument. A check is considered a negotiable instrument. This type of instrument … Investment dictionary
negotiable instrument — A document of title that can be freely negotiated (see negotiability). Such documents are cheques and bills of exchange, in which the stated payee of the instrument can negotiate the instrument by either inserting the name of a different payee or … Accounting dictionary
negotiable instrument — A document of title that can be freely negotiated (see negotiability). Such documents are cheques and bills of exchange, in which the stated payee of the instrument can negotiate the instrument by either inserting the name of a different payee or … Big dictionary of business and management
negotiable instrument — Literally, an instrument having the transferable quality known as negotiability. An instrument, constituting a valid contract, for the payment of money in a certain, definite sum, to order or bearer, on demand, at sight, or in a certain time, or… … Ballentine's law dictionary
negotiable instrument — Transferable document (e.g., a bank note, check, or draft) containing an unconditional promise or order to pay a specified amount to its holder upon demand or at a specified time. In the U.S., the Uniform Commercial Code governs negotiable… … Universalium
negotiable instrument — noun an unconditional order or promise to pay an amount of money • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑legal document, ↑legal instrument, ↑official document, ↑instrument • … Useful english dictionary