Negotiable instrument

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).

See also

• Aval
• Bearer instrument
• Bill of exchange
• Blank endorsement
• Dishonour
• Endorsement
• Forfaiting
• Holder in due course
• Obligor
• Presentment
• Promissory note
• Special endorsement