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Answered By: Suzanne Schriefer, Criminal Justice & Paralegal Librarian Last Updated: Mar 07, 2016 Views: 1474
First, define "negotiable instrument" in more concrete terms because it can be several specific things.
A Commercial Paper, such as a check or promissory note, that contains the signature of the maker or drawer; an unconditional promise or order to pay a certain sum in cash that is payable either upon demand or at a specifically designated time to the order of a designated person or to its bearer.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
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