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Definition of “negotiable instrument” - 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 ​fixedamount 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 ​negotiableinstrumentsacted as a ​means of ​credit.
STOCK MARKET, FINANCE an ​investment that can be ​traded on a ​financialmarket: When ​bonds and ​shares are ​treated as ​negotiableinstruments, 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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“negotiable instrument” in Business English

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