negotiable instrument - any financial document that entitles the holder, bearer or payee to the amount shown in its face. Forms of negotiable instruments are currency, bearer bonds, checks made payable to cash, stock certificates, and notes. According to the Uniform Negotiable Instruments Act, an instrument is negotiable when (a) it is in writing; (b) it is signed; and (c) there is an unconditional promise or order to pay a certain amount of money on demand or at a definite future date, to the bearer, to the order, or to a named or certain drawee.

© 2004 Bella Vista Publishing Company, Inc.  ISBN 0-9718225-0-6

.
	Copyright Protection:   This real estate web site is created in the United States of America and protected by copyright laws.  Permission should be obtained prior to any reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording or likewise.
.