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Negotiable bill of lading |
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Negotiable bill of ladingContract that grants title of merchandise to the holder, which allows banks to use the merchandise as collateral.Negotiable bill of lading Similar MatchesNegotiable certificates of depositNegotiable certificates of depositLarge-denomination bank certificates of deposit that can be traded. NegotiableNegotiableA security whose title is transferable by delivery . See also: Negotiable instrument. Negotiable order of withdrawal (NOW)Negotiable order of withdrawal (NOW)Demand deposits that pay interest. Renegotiable rateRenegotiable rateA type of variable rate involving a renewable short-term "balloon" note. The interest rate on the loan is generally fixed during the term of the note, but when the balloon comes due, the lender may refinance it at a higher rate. In order for the loan to be fully amortized, periodic refinancing may be necessary. Not negotiableNot negotiableWords written on a bill of exchange or cheque which should prevent encashment following theft. For example if A writes a cheque to B and marks it 'not negotiable', then in the event that the cheque is stolen by C, it could not be cashed since no one can have a good title to it other than B. Further SuggestionsNegotiable instrumentNegotiable Instrument Renegotiable Rate Mortgage Negotiable Order of Withdrawal Account (NOW) negotiable instrument |
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