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Not negotiable |
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Not 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.Similar MatchesNegotiableNegotiableA security whose title is transferable by delivery . See also: Negotiable instrument. Negotiable InstrumentNegotiable InstrumentAccording 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 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. Negotiable instrumentNegotiable instrumentAn 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 SuggestionsNegotiable bill of ladingRenegotiable Rate Mortgage Negotiable instrument Negotiable Order of Withdrawal Account (NOW) Negotiable certificates of deposit |
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