Negotiable instrument
From ACT Wiki
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
- Presentment
- Promissory note
- Special endorsement
