negotiable instrument definition

negotiable instrument means a Written document, that:

negotiable instrument means a “negotiable instrument” as defined in the UCC.

negotiable instrument means an instrument issued by a banking institution registered under the Banking Institutions Act, 1998 (Act No. 2 of 1998) that is capable of being transferred to a purchaser provided that the purchaser acquires it in good faith, and where payment in good faith to the holder discharges the instrument and parties to it;

Examples of negotiable instrument in a sentence

• Evidence of Debt means an instrument, including a Negotiable Instrument, executed by a customer of the Insured and held by the Insured which in the regular course of business is treated as evidencing the customer’s debt to the Insured.

• Forgery or alteration of, on or in any Negotiable Instrument (except an Evidence of Debt), Acceptance, Withdrawal Order, receipt for the withdrawal of Property, Certificate of Deposit or Letter of Credit.

• Evidence of Debt means an instrument, including a Negotiable Instrument, executed by a Customer and held by the Assured, which in the regular course of business is treated as evidencing the Customer’s debt to the Assured.

• Borrower may disburse the credit, in whole or in part, in one or more Disbursements by giving a written notice to Ixe Banco in the form of the Disbursement Notice enclosed to this Agreement as Exhibit 2 and executing and releasing promissory notes that shall meet the conditions referred to in Article 170 of the Negotiable Instrument and Credit Transaction Act, provided that any Disbursement shall be made within the Disbursement Period.

• Loss resulting directly from Forgery or alteration of, on, or in any Negotiable Instrument (except registered or bearer obligations) made or drawn by or drawn upon theInsured, or made or drawn by one acting as agent of the Insured, or purporting to have been made as herein before set forth:A mechanically reproduced facsimile signature is treated the same as a handwritten signature.

More Definitions of negotiable instrument

negotiable instrument means an instrument that may be freely transferred from the purchaser to another person or entity by delivery, or endorsement and delivery, with full legal title becoming vested in the transferee.

negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer.

negotiable instrument means an unconditional promise or order to pay a fixed amount of money, with or without interest or other charges described in the promise or order, if it:

negotiable instrument means any bill of exchange, letter of credit, cheque, draft or other document, whether negotiable or not, which has been drawn or issued either inside or outside Zimbabwe and is intended to enable any person to obtain, either directly or indirectly, any sum of money, whether in Zimbabwean or foreign currency.

negotiable instrument means an instrument, such as a cheque, bill of exchange or promissory note, that embodies a right to payment and satisfies the requirements for negotiability under a law governing negotiable instruments;

negotiable instrument means documents, containing an unconditional promise to pay a sum of money, which are legally transferable to another party by endorsement or delivery.

negotiable instrument means a cheque, draft, traveller’s cheque, bill of exchange, postal note, money order, or other similar instrument and any electronic instrument that has the same effect;