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negotiable instrument :: legal definition


Negotiable instrument - n. check, promissory note, bill of exchange, security or any document representing money payable which can be transferred to another by handing it over (delivery) and/or endorsing it (signing one's name on the back either with no instructions or directing it to another, such as "pay to the order of Pamela Townsend").

See also: bearer paper bill of exchange check and Related Law Terms ↓


Related Law Terms

draft :: 1) n. a bill of exchange or check in which one par ... s. See also: bill of exchange check
make :: v. 1) to create something. 2) to sign a check, pro ... xchange check maker promissory note

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negotiable instrument :: n. check, promissory note, bill of exchange, secur ... bearer paper bill of exchange check
negotiation :: n. 1) the transfer of a check, promissory note, bi ... te. See also: negotiable instrument
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