Not negotiable


 

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Not negotiable

Words 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.



Similar Matches

Negotiable

Negotiable

A security whose title is transferable by delivery . See also: Negotiable instrument.


Negotiable Instrument

Negotiable Instrument

According to the Uniform Negotiable Instruments Act, an instrument is negotiable when it is in writing and signed, containing an unconditional promise or order to pay a certain amount of money, on demand, or at a definite future date, to the bearer, to order, or to a named or certain drawee.


Renegotiable rate

Renegotiable rate

A 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.


Negotiable instrument

Negotiable instrument

An instrument, such as a cheque or a bill of exchange, which can be transferred by one person to another by the first signing his name on the back of the instrument.


Negotiable order of withdrawal (NOW)

Negotiable order of withdrawal (NOW)

Demand deposits that pay interest.


Further Suggestions

Negotiable bill of lading
Renegotiable Rate Mortgage
Negotiable instrument
Negotiable Order of Withdrawal Account (NOW)
Negotiable certificates of deposit


 
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