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negotiable instrument

Definitions of negotiable instrument
  1. noun
    an unconditional order or promise to pay an amount of money
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    types:
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    bill of exchange, draft, order of payment
    a document ordering the payment of money; drawn by one person or bank on another
    overdraft
    a draft in excess of the credit balance
    foreign bill, foreign draft
    a bill of exchange that is drawn in one country and made payable in another
    inland bill
    a bill of exchange that is both drawn and made payable in the same country
    redraft
    a draft for the amount of a dishonored draft plus the costs and charges of drafting again
    trade acceptance
    a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance
    bank draft, banker's draft
    a draft drawn by a bank against funds deposited in another bank
    dividend warrant
    an order of payment (such as a check payable to a shareholder) in which a dividend is paid
    money order, postal order
    a written order for the payment of a sum to a named individual; obtainable and payable at a post office
    acceptance, banker's acceptance
    banking: a time draft drawn on and accepted by a bank
    bank check, check, cheque
    a written order directing a bank to pay money
    sight bill, sight draft
    a draft payable on presentation
    time bill, time draft
    a draft payable at a specified future date
    type of:
    instrument, legal document, legal instrument, official document
    (law) a document that states some contractual relationship or grants some right
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