NEGOTIABLE INSTRUMENT


Meaning of NEGOTIABLE INSTRUMENT in English

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 instruments.

Britannica Concise Encyclopedia.      Краткая энциклопедия Британика.