NEGOTIABLEINSTRUMENT

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. Examples of negotiable instruments include promissory notes, bills of exchange, bank notes and cheques.

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negotiable instrument

Noun

  1. A right to receive payment of money which is unconditional (sometimes excepting loss or theft) and capable of transfer by negotiation.


The above text is a snippet from Wiktionary: negotiable instrument
and as such is available under the Creative Commons Attribution/Share-Alike License.

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