negotiable instrument (Meaning)
Wordnet
negotiable instrument (n)
an unconditional order or promise to pay an amount of money
Synonyms & Antonyms of negotiable instrument
No Synonyms and anytonyms found
negotiable instrument Sentence Examples
- The promissory note is a negotiable instrument that promises to pay a specified sum of money at a future date.
- A negotiable instrument is a written and signed document that promises to pay a certain sum of money.
- Checks, drafts, and certificates of deposit are all examples of negotiable instruments.
- Negotiable instruments can be transferred from one person to another simply by endorsement and delivery.
- The holder of a negotiable instrument has the right to demand payment from the person who issued the instrument.
- If a negotiable instrument is lost or stolen, the holder can still demand payment from the issuer.
- Negotiable instruments are often used in business transactions because they are easy to transfer and provide the holder with certain rights.
- The Uniform Commercial Code governs the law of negotiable instruments in most states.
- There are certain defenses that can be raised against a negotiable instrument, such as fraud or forgery.
- Negotiable instruments play an important role in the commercial world because they facilitate the exchange of goods and services.
FAQs About the word negotiable instrument
an unconditional order or promise to pay an amount of money
No synonyms found.
No antonyms found.
The promissory note is a negotiable instrument that promises to pay a specified sum of money at a future date.
A negotiable instrument is a written and signed document that promises to pay a certain sum of money.
Checks, drafts, and certificates of deposit are all examples of negotiable instruments.
Negotiable instruments can be transferred from one person to another simply by endorsement and delivery.
