Law Dictionary

negotiable instrument

noun

Legal Definition of negotiable instrument

  1. :  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


Seen and Heard

What made you want to look up negotiable instrument? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to help become familiar with something

Get Word of the Day daily email!