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English definition of “negotiable instrument”

negotiable instrument

noun [C]
 
 
MONEY a written order or promise to pay a fixed amount of money on demand or at a particular time, for example, a cheque or banknote: Payment could be made without the transfer of currency, and negotiable instruments acted as a means of credit.
STOCK MARKET, FINANCE an investment that can be traded on a financial market: When bonds and shares are treated as negotiable instruments, an innocent holder for value may often acquire a better title than his predecessor had.
(Definition of negotiable instrument from the Cambridge Business English Dictionary © Cambridge University Press)
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