noun a written document that promises to pay a specific amount of money to a designated person or entity
In legal contexts, negotiable instruments are governed by specific laws and regulations that outline their transferability and enforceability.
Negotiable instruments play a crucial role in financial markets for facilitating trade and investment transactions.
Businesses often use negotiable instruments as a form of payment or to secure financing for their operations.
Negotiable instruments such as checks and promissory notes are commonly used in banking transactions for payment and lending purposes.
In commercial transactions, negotiable instruments provide a convenient and secure way to transfer funds between parties.
A writer may use negotiable instruments as a plot device in a novel or screenplay to add intrigue or complexity to a story.
A psychologist may encounter negotiable instruments when assessing a client's financial stress or coping mechanisms related to financial transactions.
A lawyer may use negotiable instruments in legal proceedings involving contracts, financial disputes, or debt collection cases.
An accountant may deal with negotiable instruments when reconciling financial statements, auditing transactions, or advising clients on financial matters.