negotiable instrument

Definition of "negotiable instrument"
  1. 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
How to use "negotiable instrument" in a sentence
  1. He wrote a check, a commonly used type of negotiable instrument, to pay for his groceries.
  2. She handed over a promissory note, another form of negotiable instrument, as a guarantee for the loan.
  3. By writing 'pay to the order of' he transformed the check into a negotiable instrument for another person.

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