Negotiable instrument: Difference between revisions
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imported>Doug Williamson m (Admended as per Glossary for Wiki alignment) |
imported>Doug Williamson m (Amended Special endorsement) |
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* [[Presentment]] | * [[Presentment]] | ||
* [[Promissory note]] | * [[Promissory note]] | ||
* [[Special endorsement] | * [[Special endorsement]] | ||
Revision as of 17:15, 28 March 2013
A promise to pay money which is freely transferable without formality from one person to another.
So a negotiable instrument can be transfered simply by endorsement or by delivery (depending what type of negotiable instrument it is).
