negotiable instrument

Other forms: negotiable instruments

Definitions of negotiable instrument

1. noun

   an unconditional order or promise to pay an amount of money
   types:

   bill of exchange, draft, order of payment

   a document ordering the payment of money; drawn by one person or bank on another

   overdraft

   a draft in excess of the credit balance

   foreign bill, foreign draft

   a bill of exchange that is drawn in one country and made payable in another

   inland bill

   a bill of exchange that is both drawn and made payable in the same country

   redraft

   a draft for the amount of a dishonored draft plus the costs and charges of drafting again

   trade acceptance

   a bill of exchange for a specific purchase; drawn on the buyer by the seller and bearing the buyer's acceptance

   bank draft, banker's draft

   a draft drawn by a bank against funds deposited in another bank

   dividend warrant

   an order of payment (such as a check payable to a shareholder) in which a dividend is paid

   money order, postal order

   a written order for the payment of a sum to a named individual; obtainable and payable at a post office

   acceptance, banker's acceptance

   banking: a time draft drawn on and accepted by a bank

   bank check, check, cheque

   a written order directing a bank to pay money

   sight bill, sight draft

   a draft payable on presentation

   time bill, time draft

   a draft payable at a specified future date

   type of:

   instrument, legal document, legal instrument, official document

   (law) a document that states some contractual relationship or grants some right