negotiable instrument
- A written document promising to pay a certain amount of money to the holder on demand, which can be transferred from one person to another
- He wrote a check, a commonly used type of negotiable instrument, to pay for his groceries.
- She handed over a promissory note, another form of negotiable instrument, as a guarantee for the loan.
- By writing 'pay to the order of' he transformed the check into a negotiable instrument for another person.
Provide Feedback
