Negotiable instrument: Difference between revisions

Negotiable instrument (view source)

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-A legal right to payment or assets which the [[bearer security|bearer]] can, without the consent of the issuer, transfer to a third party (a process known as “negotiating”). These days, [[negotiable instrument]]s are more or less the same as [[transferable securities]], but in the good old days [[banker’s draft]]s, [[cheque|cheques]], [[bill of exchange|bills of exchange]], [[promissory note]]s and so on, which did not count as [[securities]] but were nonetheless [[negotiable]].
+A legal right to payment or assets which the [[bearer security|bearer]] can, without the consent of the [[issuer]], transfer to a third party (a process known as “[[negotiate|negotiating]]”). These days, [[negotiable instrument]]s are more or less the same as [[transferable securities]], but in the good old days [[banker’s draft]]s, [[cheque|cheques]], [[bill of exchange|bills of exchange]], [[promissory note]]s and so on, which did not count as [[securities]] but were nonetheless [[negotiable]].
+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}}
 *[[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]]