- negotiable instrument
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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 timewas determined to be a holder in due course of a negotiable instrument see also bearer, holder in due course
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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A financial instrument e.g. a cheque or banker's draft. Such an instrument may be transferred to another who then has rights to receive the benefits concerned or to sue if the instrument is not honoured.
Easyform Glossary of Law Terms. — UK law terms.
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n.A legal document signed by its maker that promises unconditionally to pay a specified sum at a specified time to the person who presents it or to order, i.e., “pay to the order of Mr. X”; a check, money order, draft, note, certificate of deposit, or other similar document, as long as it can be transferred to another person. Also called negotiable paper. See also commercial paper
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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an instrument that constitutes an obligation to pay a sum of money and that is transferable by delivery so that the holder for the time being can sue in his own name. Negotiable instruments represent an exception to the general rule that a person cannot give a better title than he has. The categories of negotiable instrument include the bill of exchange, promissory notes and bearer bonds.
Collins dictionary of law. W. J. Stewart. 2001.
- negotiable instrument
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A written document that represents an unconditional promise to pay a specified amount of money upon the demand of its owner. Examples include checks and promissory notes. Negotiable instruments can be transferred from one person to another, as when you write "pay to the order of" on the back of a check and turn it over to someone else.Category: Business, LLCs & Corporations
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- negotiable instrument
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A signed written promise or order to transfer a specified sum of money on demand or at a fixed future time to the person named on the instrument or to the bearer. The drawer issues the negotiable instrument to its financial institution (the drawee) requiring it to pay a certain sum to the bearer of the instrument on its maturity. Negotiable instruments may be endorsed by the holder (the endorser) to transfer the benefit of the instrument to a third party.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
- negotiable instrument
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A commercial paper, such as a check or promissory note, that contains the signature of the maker or drawer; an unconditional promise or order to pay a certain sum in cash that is payable either upon demand or at a specifically designated time to the order of a designated person or to its bearer.
Dictionary from West's Encyclopedia of American Law. 2005.
- negotiable instrument
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A commercial paper, such as a check or promissory note, that contains the signature of the maker or drawer; an unconditional promise or order to pay a certain sum in cash that is payable either upon demand or at a specifically designated time to the order of a designated person or to its bearer.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
- negotiable instrument
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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").
Law dictionary. EdwART. 2013.
