Meaning of “negotiable instrument” in the English Dictionary

"negotiable instrument" in Business English

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negotiable instrumentnoun [ C ]

uk us

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)