Negotiable Instruments Act - Law Dictionary Search Results
Negotiable instruments
Matched in: Term Negotiable instruments
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]
Giving notice in writing
Act, containing ss. 138 to 142, was inserted in the Act as per Banking Public Financial Institution and Negotiable Instruments Laws (Amendment) Act, 1968. When the legislature contemplated that notice in writing should be given to the drawer
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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
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 additional
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 payable; … 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)
Holder in due course
to believe that any defect existed in the title of the person from whom he derived his title. [Negotiable Instruments Act, 1881 (26 of 1881), s. 9] Under the Indian law, a holder, to be a holder in due … U. Ponnappa Moothan Sons v. Catholic Syrian Bank Ltd., (1991) 1 SCC 113: AIR 1991 SC 441 (451). (Negotiable Instruments Act, 1881 s. 9)
Bill of Exchange
Limitation Act, 1963 (36 of 1963), s. 2 (c)] Means a bill of exchange as defined by the Negotiable Instruments Act, 1881 and includes also a hundi and any other document entitling or purporting to entitle any person, whether
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 … : one of 12 central banks set up under the Federal Reserve Act to hold reserves for and extend credit to affiliated banks in their
Not negotiable
Matched in: Term Not negotiable
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