Commercial Law Vocabulary

1 words in this vocabulary list

noun a written document that promises to pay a specific amount of money to a designated person or entity

  • A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand or at a set time.
  • I need you to sign this negotiable instrument before I can release the funds.
  • Make sure you have that negotiable thingy signed before you try to cash it.
  • Trust is like a negotiable instrument - once it's broken, it's hard to restore its value.