The Law Dictionary

NET WORTH

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The total value of the assets that are owned by a person or an entity. … [Read more...]

NEGOTIABLE INSTRUMENT

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

See negotiable paper; a written document representing the unconditional promise to pay a sum of money on demand of its owner, the most common examples being checks and promissory notes. Negotiable instruments can be transferred, such as endorsing the back of a check and writing pay to the order of John Doe. … [Read more...]

NEGOTIABLE PAPER

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

contracts. This term is applied to bills of exchange and promissory notes, which are assignable by indorsement or delivery. 2. The statute of 3 & 4 Anne (the principles of which have been generally adopted in this country, either formally, or in effect,) made promissory notes payable to a person, or to his order, or bearer, negotiable like inland bills, according to the … [Read more...]

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