§ 3-104. NEGOTIABLE INSTRUMENT. - LII / Legal Information Institute
(a) Except as provided in subsections (c) and (d), " negotiable instrument" means an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it:
Negotiable Instruments: Definition, Types, and Examples - Investopedia
2024年8月14日 · What Is a Negotiable Instrument? A negotiable instrument is a signed document that promises a payment to a specified person or assignee. In other words, it is a formalized...
Negotiable instrument - Wikipedia
A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the document.
Negotiable Instrument - Overview, Features, and Types
What is a Negotiable Instrument? A negotiable instrument is a document that guarantees payment of a specific amount of money to a specified person (the payee). It requires payment either upon demand or at a set time and is structured like a contract.
Negotiable Instrument - Definition, Examples - Legal Dictionary
2015年1月29日 · A document that contains a guarantee or promise to pay a specific amount of money to a person or entity in possession of the instrument, whether on a specified date or on demand, is known as a “negotiable instrument.” A negotiable instrument features the name of the person who is to make payment.
negotiable instrument | Wex | US Law - LII / Legal Information Institute
A negotiable instrument, sometimes called an instrument, is any financial document that directs payment to its holder or a named party. More specifically, a negotiable instrument must be written, signed by the maker, include an unconditional promise or order to pay a sum of money to the holder or specific party, and be payable any time or on a ...
Negotiable Instrument | Definition, Types, Benefits, & Drawbacks
2023年7月12日 · What Is a Negotiable Instrument? A negotiable instrument is a written document that guarantees the payment of a specific sum of money to the bearer or the assigned recipient. It serves as a legal medium for transferring monetary obligations or rights from one party to another.
negotiable instruments | Wex Legal Dictionary / Encyclopedia | LII ...
To be considered negotiable an instrument must meet the requirements stated in Article 3. Negotiable instruments do not include money, payment orders governed by Article 4A (fund transfers) or to securities governed by Article 8 (investment securities).
UCC Negotiable Instruments: Definition, Types, Creation, and ... - Nolo
2023年5月11日 · A negotiable instrument is a special piece of paper that can be passed from one person to another and, ultimately, exchanged for money. Negotiable instruments would include, for example, a check you write to pay for business inventory or a promissory note that you sign to get a business loan.
What Is a Negotiable Instrument? - The Balance
2021年11月14日 · A negotiable instrument is a written document where someone unconditionally promises to pay an agreed-on amount of money to another person or organization. This document may specify the payment date or allow for an on-demand payment.