negotiable instrument
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 time
was 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. . 1996.

negotiable instrument
index coupon, debenture, draft, letter of credit, note (written promise to pay), security (stock)

Burton's Legal Thesaurus. . 2006


negotiable instrument
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.


negotiable instrument
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. . 2008.


negotiable instrument
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. . 2001.


negotiable instrument
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. . 2009.

negotiable instrument
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. . 2010.


negotiable instrument
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
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
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. . 2013.

Look at other dictionaries:

  • negotiable instrument — A signed writing containing an unconditional promise or order, by the signer or maker of the instrument to pay a sum certain in money, either on demand or at a definite time, and it must be payable to the bearer or to order. Examples of… …   Glossary of Bankruptcy

  • Negotiable instrument — A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time. According to the Section 13 of the Negotiable Instruments Act, 1881 in India, a negotiable instrument means a… …   Wikipedia

  • negotiable instrument — An unconditional order or promise to pay some amount of money, easily transferable from one party to another. Bloomberg Financial Dictionary * * * negotiable instrument negotiable instrument ➔ instrument * * * negotiable instrument UK US noun [C] …   Financial and business terms

  • Negotiable Instrument — A document that promises payment to a specified person or the assignee. The payee (the person who receives the payment) must be named or otherwise indicated on the instrument. A check is considered a negotiable instrument. This type of instrument …   Investment dictionary

  • negotiable instrument — A document of title that can be freely negotiated (see negotiability). Such documents are cheques and bills of exchange, in which the stated payee of the instrument can negotiate the instrument by either inserting the name of a different payee or …   Accounting dictionary

  • negotiable instrument — A document of title that can be freely negotiated (see negotiability). Such documents are cheques and bills of exchange, in which the stated payee of the instrument can negotiate the instrument by either inserting the name of a different payee or …   Big dictionary of business and management

  • negotiable instrument — Literally, an instrument having the transferable quality known as negotiability. An instrument, constituting a valid contract, for the payment of money in a certain, definite sum, to order or bearer, on demand, at sight, or in a certain time, or… …   Ballentine's law dictionary

  • negotiable instrument —    A written document (i.e., instrument) that absolutely promises payment to its owner of a specific sum of money at a specific time or on demand. Negotiable instruments include checks, bills of exchange, securities and promissory notes. In broad …   Business law dictionary

  • negotiable instrument — Transferable document (e.g., a bank note, check, or draft) containing an unconditional promise or order to pay a specified amount to its holder upon demand or at a specified time. In the U.S., the Uniform Commercial Code governs negotiable… …   Universalium

  • negotiable instrument — noun an unconditional order or promise to pay an amount of money • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑legal document, ↑legal instrument, ↑official document, ↑instrument • …   Useful english dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”