Sentence examples for Negotiable instrument from inspiring English sources
noun
A right to receive payment of money which is unconditional (sometimes excepting loss or theft) and capable of transfer by negotiation.
Such a bill of lading may be negotiated in much the same way as a check, draft, or other negotiable instrument, which means that a bona fide purchaser of the bill of lading takes it free and clear of any defects not appearing on its face.
A signed certificate becomes a negotiable instrument.
The most common and most complex form of negotiable instrument is the draft, or bill of exchange.
A creditor may present a negotiable instrument, and may give notice of dishonor of such an instrument.
"That way, you have a document in your hand, an actual US Airways ticket that is a negotiable instrument," he said.
Technically, what Check 21 does is create a new negotiable instrument called a substitute check, which permits a bank to take an image of a check that is presented for deposit and process it electronically.
Thus, a promise of A to pay B a certain sum at a specified date in the future could be used by B to pay a debt to C. This "negotiability of credit" was facilitated by the development of a variety of negotiable instruments including promissory notes, checks, and drafts (bills of exchange).
It said Bitcoin trading and other activities, like charges for verifying transactions, "are exempt because they fall within the definition of 'transactions, including negotiation, concerning deposit and current accounts, payments, transfers, debts, cheques and other negotiable instruments'".
Negotiable Instruments and Bank Guarantees-- J.M. Saleh.
The UCC also bears on checks and other negotiable instruments.
Negotiable instruments are used for purposes of payment or credit and as security.
