Negotiable Instruments - Law Dictionary Search Results
Negotiable instruments
Matched in: Term Negotiable instruments
negotiable instrument
Matched in: Term negotiable instrument
negotiable instruments
Matched in: Term negotiable instruments
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Negotiable
Matched in: Term Negotiable
endorsement
signature or notation) on a document or instrument ;esp : an inscription usually on the back of a negotiable instrument that transfers or guarantees the instrument blank endorsement : an endorsement (as a signature) of a negotiable … act or process of endorsing 2 : an inscription (as a signature or notation) on a document or instrument ;esp : an inscription usually on the back of a negotiable instrument that transfers or guarantees the instrument
Negotiation by delivery
the instrument as B's agent. The instrument has been negotiated, and B has become the holder of it. [Negotiable Instruments Act, 1881 (26 of 1881), s. 47]
bank
interest rate collecting bank : a bank other than the payor bank that is handling for collection a negotiable instrument or a promise or order to pay money commercial bank : a bank organized chiefly to handle … rate collecting bank : a bank other than the payor bank that is handling for collection a negotiable instrument or a promise or order to pay money commercial bank : a bank organized chiefly to handle the
Indorsement
be completed as a negotiable instrument, he is said to indorse the same, and is called the 'indorser'. [Negotiable Instruments Act, 1881 (26 of 1881), s. 15] Indorsement, means (1) the placing of a signature, sometimes with an
defense
is liable compare complete defense in this entry b : a basis upon which an obligor of a negotiable instrument may avoid liability under the instrument personal defense : a defense of an obligor under a negotiable … basis for a defendant's opposition to an allegation in a complaint or to a charge in a charging instrument (as an indictment) ;also : the evidence and arguments presented supporting the defendant's opposition see also accord, alibi,
Payee
negotiable instru-ment, to whom or to whose order the money is, by the instrument, directed to be paid, Negotiable Instruments Act, 1881, s. 7. One to whom a bill of exchange or promissory note or cheque is made … or to whose order the money is by the instrument directed to be paid, is called the 'payee'. (Negotiable Instruments Act, 1881 (26 of 1881), s. 7)
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