negotiable instrument

noun

1. a legal document, such as a cheque or bill of exchange, that is freely negotiable

Example Sentences

Among the oldest tricks he said he doubts will disappear — and one prevalent in Vancouver — involves "paying debts of legitimate businesses and receiving a cheque or other negotiable instrument in return."

From Salon

In the first place, the assignee of a negotiable instrument, to whom it is transferred by indorsement or delivery according to its tenor, can sue thereon in his own name; and, secondly, he holds it by an independent title.

From Project Gutenberg

After glancing briefly at the history of these instruments, it will probably be convenient to discuss the subject in the order followed by the act, namely, first, to treat of a bill of exchange, which is the original and typical negotiable instrument, and then to refer to the special provisions which apply to promissory notes and cheques.

From Project Gutenberg

Lents was dubious: "When you say you lose a $1.5 million negotiable instrument—that doesn't happen."

From BusinessWeek

The contract of bottomry is a negotiable instrument, which may be put in suit by the person to whom it is transferred: it is in use in all countries of maritime commerce and interests.

From Project Gutenberg