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Negotiable instrument information


A 1939 promissory note, Rangoon, Burma.

A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually named on the document. More specifically, it is a document contemplated by or consisting of a contract, which promises the payment of money without condition, which may be paid either on demand or at a future date. The term has different meanings depending on its use in the application of different laws and depending on countries and contexts. The word "negotiable" refers to transferable and "instrument" refers to a document giving legal effect by the virtue of the law.

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Negotiable instrument

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A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, whose payer is usually...

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Promissory note

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whether a promissory note is a negotiable instrument can have significant legal impacts, as only negotiable instruments are subject to Article 3 of the...

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Crossing of cheques

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negotiable' can be added to a crossing. The effect of such a crossing is that it removes the most important characteristic of a negotiable instrument...

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Instrument

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transaction Legal instrument, a formal documentation of a status or transaction Negotiable instrument, a type of contract Statutory instrument, a form of legislation...

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Cheque

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payment system or have been completely phased out. A cheque is a negotiable instrument instructing a financial institution to pay a specific amount of...

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Bearer instrument

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be charged when bearer instruments are issued. In the United States, under the Uniform Commercial Code, a negotiable instrument (such as a check or promissory...

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Holder in due course

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who takes a negotiable instrument in a value-for-value exchange without reason to doubt that the instrument will be paid. If the instrument is later found...

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Demand draft

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A demand draft (DD) is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank...

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IOU

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An IOU differs from a promissory note in that an IOU is not a negotiable instrument and does not specify repayment terms such as the time of repayment...

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Financial security

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now and in the foreseeable future Security (finance), a financial negotiable instrument All pages with titles containing Financial security This disambiguation...

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Check kiting

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or other bank account. In this way, instead of being used as a negotiable instrument, checks are misused as a form of unauthorized credit. The term "check...

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Public holidays in India

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festivals or days of importance as holidays as per section 25 of the Negotiable Instruments Act, 1881. National holidays are mandatory holidays declared by...

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Blank endorsement

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instrument ("pay to the order of (the payee)") into a bearer instrument ("pay to the bearer"). It is one of the types of endorsement of a negotiable instrument...

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Endorsement

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terms signature on a negotiable instrument, such as a check blank endorsement, a signature given without indicating the instrument's payee note added to...

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Cheque fraud

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Cheque fraud (Commonwealth English), or check fraud (American English), refers to a category of criminal acts that involve making the unlawful use of cheques...

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DD

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manufacturer Degree of difficulty, in several sports Demand draft, a negotiable instrument issued by the bank Deputy Director (disambiguation), a rank in some...

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Hundi

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remittances to India Indian diaspora Greater India Indosphere Others Negotiable Instruments Act, 1881 Correspondent account Hundies, Reserve Bank of India,...

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Financial Revolution

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Netherlands: the bill of exchange, both foreign and inland, which as a negotiable instrument became part of the medium of exchange; transferable shares in the...

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Note issuance facility

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Note issuance facility (NIF) is an underwriting agreement/arrangement in the Eurocurrency market under which borrowers place short/medium term (one to...

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Fraud in the factum

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when the maker or drawer of a negotiable instrument, such as a promissory note or check, is induced to sign the instrument without a reasonable opportunity...

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Installment note

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An installment note is a form of promissory note calling for payment of both principal and interest in specified amounts, or specified minimum amounts...

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Letter of credit

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specified – quality or quantity. Because the transaction operates on a negotiable instrument, it is the document itself which holds the value - not the goods...

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Global depository receipt

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equal to 10 underlying shares, but any ratio can be used. It is a negotiable instrument which is denominated in some freely convertible currency. GDRs enable...

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Flying cash

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Flying cash (Chinese: 飛錢), or Feipiao, was a type of paper negotiable instrument used during China's Tang dynasty invented by merchants but adopted by...

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Commercial paper

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Securities and Exchange Commission. Commercial paper is a type of negotiable instrument, where the legal rights and obligations of involved parties are...

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Hari Singh

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public holiday on the birth anniversary of Maharaja Hari Singh under Negotiable Instrument Act, 1881 (Central Act 26 of 1881) across Union territory of Jammu...

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