negotiable instrument
noun
: 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.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/negotiable%20instrument. Accessed 20 Dec. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share