Negotiable - Law Dictionary Search Results
instrument
unless his signature appears thereon "Uniform Commercial Code"] [an indictment is a form of charging ] ;specif : negotiable instrument
holder for value
judicial process, payment of or use of the instrument as security for a claim against another person, a negotiable instrument, or the incurring of an irrevocable obligation to a third party)
good faith
fact and the observance of reasonable commercial standards of fair dealing in the trade.” Similarly, Article 3 on negotiable instruments defines good faith as “honesty in fact and the observance of reasonable commercial standards of fair dealing,”
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Acceptance of bill of exchange
Acceptance of bill of exchange, 'Acceptance' in regard to a bill of exchange does not'mean 'taking' or 'receiving'. Acceptance of a bill of exchange is the signification by the drawee of his assent to the order...
discount
sell or offer at a lowered price 2 : to lend money on after deducting a discount [banks negotiable instruments] 3 : to take into account (a future event or prospect) in making present calculations vi :
discharge
an obligation: as a : to relieve of a duty under an instrument (as a contract or a negotiable instrument) ;also : to render (an instrument) no longer enforceable [a formal instrument…may be discharged by either cancellation
contract
;specif : a contract that is a contract under seal, a recognizance, a letter of credit, or a negotiable instrument called also special contract specialty forward contract : a privately negotiated investment contract in which a buyer
check
to pay a specified sum to a named person or to that person's order on demand see also negotiable instrument compare draft bank check : a check drawn by a bank on its deposits in another bank
cash collateral
cash collateral : cash or cash equivalents (as negotiable instruments, securities, and documents of title) as specified in section 363 of chapter 11 of the Bankruptcy Code
bond
bond : a bond having a face value of usually $500 or less bearer bond : a fully negotiable bond payable to its bearer compare registered bond in this entry book-entry bond : a bond whose ownership
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