Negotiability: Difference between revisions
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{{a|banking|{{wmc|San Francisco Pacific Railroad Bond WPRR 1865.jpg|A [[bond]] yesterday.}} | {{a|banking|{{wmc|San Francisco Pacific Railroad Bond WPRR 1865.jpg|A [[bond]] yesterday.}}{{image|Negotiable cow|jpg|Another negotiable instrument yesterday}} | ||
}}Or a [[financial instrument]], its ease of ''legal'' transferability, especially without the cooperation of the instrument’s obligor. An instrument can be negotiable even if not easily transferred physically, as A. P. Herbert’s magical tale of the [[Negotiable cow|Negotiable Cow]] (pictured right) makes clear. | }}Or a [[financial instrument]], its ease of ''legal'' transferability, especially without the cooperation of the instrument’s obligor. An instrument can be negotiable even if not easily transferred physically, as A. P. Herbert’s magical tale of the [[Negotiable cow|Negotiable Cow]] (pictured right) makes clear. | ||
Latest revision as of 08:24, 30 September 2024
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Banking basics
A recap of a few things you’d think financial professionals ought to know
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Or a financial instrument, its ease of legal transferability, especially without the cooperation of the instrument’s obligor. An instrument can be negotiable even if not easily transferred physically, as A. P. Herbert’s magical tale of the Negotiable Cow (pictured right) makes clear.