In mercantile law. Transferable quality. That quality of bills of exchange and promissory notes which renders them transferable from one person to another, and from possessing which they are emphatically termed "negotiable paper." 3 Kent, Comm. 74, 77, 89, et seq. See Story, Bills, … [Read more...]

Latin, meaning No one is allowed to incapacitate himself. … [Read more...]

An instrument embodying an obligation for the payment of money is called "negotiable" when the legal title to the instrument itself and to the whole amount of money expressed upon its face, with the right to sue therefor in his own name, may be transferred from one person to another without a formal assignment, but by mere indorsement and delivery by the holder or by delivery … [Read more...]

Latin, meaning No one can be twice punished for the same offence. … [Read more...]

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...]