Legal Definition and Related Resources of Negotiable Instrument

Any written security such as a promissory note , a check , a draft or other bill of exchange which may be transferred by endorsement and delivery or by delivery only so as to vest title in the person who acquires the same in good faith and for value and which enables the transferee to sue on the instrument in his own name. Any defect in the transferor ‘s title will not be transmitted to the title of the transferee so long as the transferee is a holder in due course , who takes the instrument for value and in good faith, and without notice that it is overdue or has been dishonored or of any defense against or claim to it on the part of any person. §3-302 U:C.C. and §3-305 U.C.C.

Any written instrument which may be transferred by indorsement and delivery, or by delivery alone, so as to give the indorsee the legal title, and enable him to sue in his own name. 15 Mo. 337. In a narrower sense, those instruments the indorsee of which, under the law merchant, takes free of certain equities and defenses between the. original parties.

Browse or run a search for Negotiable Instrument in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Negotiable Instrument in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Negotiable Instrument in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Negotiable Instrument in the Legal Abbreviations and Acronyms Dictionary.

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Mentioned in these terms

Bill Of Lading, Bona Fide, Cashier’s Check, Holder In Due Course, Letter Of Credit, Mutilation, , Overdue, Street Certificate, Trade Acceptance, Travellers Check.

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This definition of Negotiable Instrument is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

Vocabularies (Semantic Web Information)

Negotiable instrument in Law Enforcement

Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of negotiable instrument.

Resources

See Also

• Law Enforcement Officer
• Police
• Law Enforcement Agency

Further Reading

• negotiable instrument in A Dictionary of Law Enforcement (Oxford University Press)
• negotiable instrument in the Encyclopedia of Law Enforcement
• A Treatise on the Police of the Metropolis

Concept of Negotiable Instrument in the context of Real Property

A short definition of Negotiable Instrument: As defined by the Uniform Commercial Code, article 3 – 104: “(1) Any writing to be a negotiable instrument within this article must (A) Be signed by the maker or drawer; and (B) Contain an unconditional promise or order to pay a sum certain in money and no other promise, order, obligation or power given by the maker or drawer except as authorized by this article; and (C) Be payable on demand or at a definite time; and (D) Be payable to order or to bearer”. Instruments which may be negotiable are: a draft (bill of exchange); a check: a certificate of deposit; a note.

Concept of Negotiable Instrument in the context of Real Property

A short definition of Negotiable Instrument: As defined by the Uniform Commercial Code, article 3 – 104: “(1) Any writing to be a negotiable instrument within this article must (A) Be signed by the maker or drawer; and (B) Contain an unconditional promise or order to pay a sum certain in money and no other promise, order, obligation or power given by the maker or drawer except as authorized by this article; and (C) Be payable on demand or at a definite time; and (D) Be payable to order or to bearer”. Instruments which may be negotiable are: a draft (bill of exchange); a check: a certificate of deposit; a note.

Hierarchical Display of Negotiable instrument

Finance > Monetary economics > Money market > Money > Deposit money
Finance > Monetary economics > Money market > Credit
Finance > Monetary economics > Money market > Commercial law > Law on negotiable instruments

Meaning of Negotiable instrument

Overview and more information about Negotiable instrument

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Resources

Translation of Negotiable instrument

• Spanish: Título de crédito
• French: Titre de crédit
• German: Wechsel
• Italian: Titolo di credito
• Portuguese: Título de crédito
• Polish: Weksel

Thesaurus of Negotiable instrument

Finance > Monetary economics > Money market > Money > Deposit money > Negotiable instrument
Finance > Monetary economics > Money market > Credit > Negotiable instrument
Finance > Monetary economics > Money market > Commercial law > Law on negotiable instruments > Negotiable instrument

See also

• Credit
• Borrowing
• Agricultural credit
• Microloan
• Civil bankruptcy
• Short-term credit
• Documentary credit
• Free credit
• Trade credit
• Real estate credit
• Consumer credit
• Loan
• Investment loan
• Medium-term credit
• Long-term credit
• Law on negotiable instruments