Negotiable instrument: Difference between revisions

Revision as of 11:36, 18 January 2020

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™

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A legal right to payment or assets which the bearer can, without the consent of the issuer, transfer to a third party (a process known as “negotiating”). These days, negotiable instruments are more or less the same as transferable securities, but in the good old days banker’s drafts, cheques, bills of exchange, promissory notes and so on, which did not count as securities but were nonetheless negotiable.

The new generation of crypto-currencies (you know, like bitcoin) may just usher in a new golden era for negotiable instruments. We’ll see.

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 The new generation of [[crypto-currency|crypto-currencies]] (you know, like [[bitcoin]]) may just usher in a new golden era for [[negotiable instrument]]s. We’ll see.
-{{seealso}}
+{{sa}}
 *[[promissory note]]  for an amusing passage from {{author|Anthony Trollope}}’s {{br|The Way We Live Now}}.
 *[[Rome II]] which excludes from its ambit [[non-contractual dispute]]s arising out of the negotiable nature of [[negotiable instrument|negotiable instruments]].
 *[[Bitcoin]]