negotiable instrument


: a transferable instrument (as a note, check, or draft) containing an unconditional promise or order to pay to a holder or to the order of a holder upon issue, possession, demand, or at a specified time
was determined to be a holder in due course of a negotiable instrument
see also bearer, holder in due course

Dictionary Entries Near negotiable instrument

Cite this Entry

“Negotiable instrument.” Legal Dictionary, Merriam-Webster, Accessed 23 Feb. 2024.

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