(plural negotiable instruments)
- (law, banking, business) A right to receive payment of money which is unconditional (sometimes excepting loss or theft) and capable of transfer by negotiation.
negotiable instrument - Investment & Finance Definition
A written order to transfer money from one person to another. A negotiable instrument may be a check, a bill of exchange, or a promissory note but most often it is a check written on a checking account. The instrument must be signed by the writer, have the payee’s name on it, and must list a specific amount of money that is payable upon demand.
negotiable instrument - Legal Definition