negotiable instrument

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negotiable instrument,

bill of exchange, check, promissory note, or other written contract for payment that may serve as a substitute for money. It is simple in form and easy to transfer. Transfer of a negotiable instrument, accomplished by delivery or endorsement and delivery, gives the new holder of the contract the right to enforce fulfillment in his own name. Negotiable instruments made payable to bearer are transferred by delivery; those made payable to order are transferred by endorsement and delivery. Like commercial papercommercial paper,
type of short-term negotiable instrument, usually an unsecured promissory note, that calls for the payment of money at a specified date. Because it is not backed by collateral, commercial paper is usually issued by major firms whose credit-rating is so good
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, negotiable instruments were developed to meet the needs of trade. They are used by businessmen to facilitate long-distance transactions and to avoid the constant exchange of large amounts of cash.
References in periodicals archive ?
LTNCDs are negotiable certificates of time deposit issued by banks, with a minimum maturity of five years and denominated in peso.
In sections on negotiable instruments, check collection, and other payment systems, he discusses such topics as specialized negotiable instruments, basic liability rules for negotiable instruments, underlying obligations: suspension and discharge, specialized Uniform Commercial Code loss allocation rules for negotiable instruments, and the law of credit cards and debit cards.
It's important to focus on the negotiable fees, beginning with the commission where, at a minimum, investors have many choices to place trades as all brokers charge different rates.
They have lawyers who can sort out whether calling air miles a negotiable instrument is reasonable.
This experiment had four job categories for applicants: a gender-neutral one that explicitly said wages were negotiable and a gender-neutral one that was ambiguous about whether wages were negotiable, both for administrative help in fundraising, and a "masculine" one that explicitly said wages were negotiable and a "masculine" one that was ambiguous about whether wages were negotiable, both for administrative duties in areas heavily skewed toward sports, such as basketball, football, and NASCAR.
According to the report, "when there is no explicit statement that wages are negotiable, men are more likely to negotiate than women.
Men, however, are more likely than women to ask for more money when there is no explicit statement in a job description that wages are negotiable, the study at the University of Chicago showed.
Banks will also consider the time required to present negotiable documents to the advising and opening banks and the transportation cycle of the goods.
M2 EQUITYBITES-October 5, 2011--Fitch rates Banco Santander Rio's negotiable notes Class II at AA+(arg)(C)2011 M2 COMMUNICATIONS http://www.
BANKING AND CREDIT NEWS-October 5, 2011--Fitch rates Banco Santander Rio's negotiable notes Class II at AA+(arg)(C)2011 M2 COMMUNICATIONS http://www.
Turkey, declared on Monday start of subscription in the first negotiable gold mutual fund in stock exchange known as Gold Plus Mutual Fund.
TEHRAN: Iran s President Mahmoud Ahmadinejad said on Monday the country s nuclear rights were not negotiable, the student news agency ISNA reported.