Documents including Bills of Exchange, Promissory Notes, cheques, Bills of Lading and others which can be transferred to other parties by endorsement.
Written order to pay, such as a check or promissory note, that may be transferred from one person to another provided certain conditions are met.
A written order or promise to pay that may be transferred from one person to another by endorsement and delivery of the instrument or by mere delivery. Each country has its own body of law governing negotiable instruments. In the U.S. under Article 3 of the Uniform Commercial Code, a negotiable instrument must (1) be in writing, (2) be signed by the maker or drawer, (3) contain an unconditional promise or order to pay a certain sum in money, (4) be payable on demand or at a definite time, and (5) be payable to order or to bearer.
An unconditional order or promise to pay some amount of money, easily transferable from one party to another.
A document that meets the requirements set out in the Uniform Commercial Code (see UCC) Section 3-104. Specifically, it must be a writing signed by the maker or drawer; it must contain an unconditional promise or order to pay a sum certain in money; it must be payable on demand or at a definite time; it must be Payable to the bearer or to order; and, it must not contain any other promise,, order, obligation, or power given by the maker or drawer except as authorized.
Written document held by the owner that represents an unconditional promise to pay a specified amount of money upon demand.
A written promise or request for payment of a certain sum of money to order or to bearer. A negotiable instrument is freely transferable, though, often by assignment or endorsement.
A document of title that can be freely negotiated. For example, cheques, in which the stated payee of the instrument can negotiate the instrument by either inserting the name of a different payee or by making the document 'open' by endorsing it (signing one's name), usually on the reverse.
a check, promissory note, bill of exchange, security or other document that represents money that is be transferred to another
a writing that promises the payment of a fixed amount of money
a written note recording the unconditional promise to pay a certain sum of money within a certain period of time
A properly executed document that contains an unconditional promise to pay an exact sum of money either on demand or at an exact time in the future. For example checks, promissory notes, car loans and leases.
Written instrument containing a promise to pay another party called the payee a definite sum of money on demand or at a specified future date.
Any document, such as a check, that contains a written order for one party to pay funds to another and meets federal requirements for negotiable instruments.
A promissory note or other instrument that meets certain legal requirements, allowing it to circulate freely in commerce.
Any written instrument that may be legally transferred to another by endorsement or delivery, such as a check or promissory note.
A document that contains promises to pay monies and is legally collectible
a piece of paper containing a written promise to pay
An instrument, such as a check or note, that meets certain legal requirements that allow it to be transferred free of most claims the maker had against previous holders.
A written promise or order signed by the maker 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. A negotiable instrument is usually in the form of a check, draft, bill of exchange, promissory note or acceptance.... read full article
A title document which can be freely transferred, such as a bill of exchange.
Any written promissory note or security, which can be traded, sold or assigned, somewhat easily. Currency is a negotiable instrument, but so are bonds, promissory notes and many stock certificates. See the Commercial Paper entry.
An instrument in writing which may be transferred or negotiated so that the holder may maintain an action to enforce the terms thereof in his own name.
can be a 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). A negotiable instrument is a contract and subject to the rules governing contract law. However, a negotiable instrument may be distinguished from an ordinary contract by the fact that a negotiable instrument may be written in a way that makes it transferable. This quality of negotiation can generally allow the instrument to be used as a substitute for money by holders in due course, despite the defensive claims between the original parties who drafted the negotiable instrument. In order to be negotiable, the bill or note must be payable to order, or to bearer. Some promissory notes contain a clause(s) making them non-negotiable.
An instrument or document that has a cash value and may be trades, sold, sued for or given as a gift.
an unconditional order to pay that is easily transferred from one party to another
A signed document by means of which money may be transferred from one person to another or through several hands, for example, a cheque or bill of exchange (q.v.). See CONSUMERS.
A written promise or order to pay a specific sum of money that may be transferred by endorsement or delivery. The transferee then has the original payee's right to payment.
Instrument, e.g., a promissory note or check meeting certain legal requirements, that allows it to circulate freely in commerce.
A bearer bond, bill of exchange, promissory note, certificate of deposit or similar which is transferable by delivery.
A check or promissory note that meets specified statutory requirements and is therefore easily transferable in somewhat the same manner as money. The negotiable instrument can be passed by endorsement and delivery (or in some cases by mere delivery), and the transferee takes?title free of certain real defenses (such as failure of consideration, fraud in the inducement) that might exist against the original maker of the negotiable instrument. Back to the Top
A commitment to pay a specific sum of money, most commonly in the form of a check or draft. For an instrument to be negotiable, it must be signed by the maker, must have a specific currency value, must be made payable to a person or organization, and must be payable on demand.
A legal term denoting a written instrument, signed by the maker or drawer, containing an unconditional promise or order to pay a specific amount of money, which is payable on demand or at a specified future time. (i.e. Drafts are examples of negotiable instruments.)
According to the Uniform Negotiable Instruments Act, an instrument is negotiable when it is in writing and signed, containing an unconditional promise or order to pay a certain amount of money, on demand, or at a definite future date, to the bearer.
Unconditional order or promise to pay an amount of money, easily transferable from one person to another.
A negotiable instrument is one which is transferable by mere delivery, like cask and which is also capable of being sued upon by the person holding it. A bill of exchange is a negotiable instrument and a cheque would be a negotiable instrument unless 'not negotiable' was written on it
A financial instrument which may be transferred from one owner to another without informing the original issuer. It provides evidence of the debt, and the holder of the instrument acquires legal title to the goods or property regardless of whether the previous holder had a defect in his title. Negotiable instruments include bank notes, bearer bonds, cheques, certificates of deposit, etc. Français: Instrument négociable Español: Instrumento negociable
a promise to pay money, transferable from one person to another. -- View Real Estate Listings
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.
A piece of paper representing ownership of a financial asset or debt, and capable of being traded in the money market (e.g. Bill of Exchange, Promissory Notes).
Any written instrument which may be transferred by endorsement or delivery so as to vest legal title in the transferee.
A bill of exchange or promissory note which represents ownership of a financial asset or debt, and is capable of being traded in the money market.
legally contracted debts calling for the payment of money and transferable from one party to another before maturity —¬'
A draft, check, certificate of deposit, promissory note, or similar financial instrument that contains an unconditional promise or order to pay a specified monetary sum, and no other promise, except as those allowed by the applicable law of negotiable instruments.
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.
A written document that is freely transferable. Examples; bank drafts, personal checks or promissory notes.
Written unconditional promise or order to pay a certain sum in money now or at a definite time in the future.
An unconditional written order or promise to pay a certain sum of money. The instrument must be easily transferable from one party to another. Various laws set forth the qualifications of negotiable instruments and the rights and liabilities of their parties.
A negotiable instrument is a specialised type of contract for the payment of money which is unconditional and capable of transfer by negotiation. Note that a negotiable instrument is not a per se contract as contract formation requires an offer, acceptance and consideration, none of which are elements of a negotiable instrument (in the US).