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 ?
They have lawyers who can sort out whether calling air miles a negotiable instrument is reasonable.
According to the report, "when there is no explicit statement that wages are negotiable, men are more likely to negotiate than women.
He added that Kuveyt Turk is the first Islamic bank that sets up a mutual fund in line with Islamic Shariaa and negotiable in ISE in what offers liquidity for investors, speed in liqueifying their equities, besides an opportunity for making use of the hike in the gold prices as well as the advantage of keeping value.
The Iranian nation s nuclear rights are not negotiable and our nuclear cooperation will be done within the U.
The Iranian nation's nuclear rights are not negotiable and our nuclear cooperation will be done within the U.
9m) worth of long-term negotiable certificates of time deposits last month to boost its deposit base.
The handful of developers had signed contracts to buy 421-a negotiable certificates, which provide a property tax break for 10 to 25 years, but backed out after they could not get financing for their residential condominium projects.
In other words it implies that our own constitution is negotiable.
The new requirement that affordable units be built onsite necessarily eliminates the 421-a negotiable certificate program.
The items are ticketed and prices aren't negotiable.
As far as the Catholic Church is concerned, the principal focus of her interventions in the public arena is the protection and promotion of the dignity of the person, and she is thereby consciously drawing particular attention to principles which are not negotiable.
In June he said the rebate was not negotiable; in September he said it was negotiable but only if the French reviewed the bloated CAP (Common Agricultural Policy), and in December he gave it away with nothing in return.