Definitions for negotiable instrument
ne·go·tiable in·stru·ment

Princeton's WordNetRate this definition:0.0 / 0 votes

1. negotiable instrumentnoun

   an unconditional order or promise to pay an amount of money

WiktionaryRate this definition:2.0 / 1 vote

1. negotiable instrumentnoun

   A right to receive payment of money which is unconditional (sometimes excepting loss or theft) and capable of transfer by negotiation.

WikipediaRate this definition:2.0 / 1 vote

1. 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, with the payer usually named on the document. More specifically, it is a document contemplated by or consisting of a contract, which promises the payment of money without condition, which may be paid either on demand or at a future date. The term can have different meanings, depending on what law is being applied and what country and context it is used in.

ChatGPTRate this definition:0.0 / 0 votes

1. negotiable instrument

   A negotiable instrument is a legal document, such as a check, bill of exchange, or promissory note, that represents a promise or order to pay a specific amount of money to the bearer or indicated person at a future date or on demand. It can be transferred from one person to another, and once endorsed, it becomes a substitute for cash. The laws governing these instruments are found in Article 3 of the Uniform Commercial Code (UCC).

WikidataRate this definition:5.0 / 1 vote

1. 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, without conditions in addition to payment imposed on the payer. Cheques or promissory notes are common examples. Negotiable instruments are often defined in legislation. Although often discussed as foundational in commercial law, their modern relevance is sometimes questioned. More precisely, it is a document contemplated by a contract, which warrants the payment of money, the promise of or order for conveyance of which is unconditional; specifies or describes the payee, who is designated on and memorialized by the instrument; and is capable of change through transfer by valid negotiation of the instrument. When the instrument is transferred in accordance with certain conditions, the holder may become a holder in due course and be free from defenses which would apply to the original payee, such as defective goods or fraud. Instruments can be transferred for amounts in contractual exchange that are less than the instrument’s face value, particularly if there is doubt as to the payer's ability to pay. Under United States law, Article 3 of the Uniform Commercial Code as enacted in applicable state law governs the use of negotiable instruments, except banknotes..

Matched Categories

1. • Law
   • Legal Document

How to pronounce negotiable instrument?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say negotiable instrument in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of negotiable instrument in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of negotiable instrument in Pythagorean Numerology is: 9

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=negotiable instrument
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Negotiable_Instrument
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Negotiable_Instrument
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=negotiable instrument