Definition: Negotiable Instrument implies a financial document used for fund transfer from one person to another. Basically, it is an instrument that bears the signature of the maker, promising payment of a specified sum to the person whose name is written on it, or the assignee, either on-de...
百度试题 结果1 题目What does “negotiable” mean (in relation to a negotiable instrument)?相关知识点: 试题来源: 解析 正确答案:Transferable 反馈 收藏
When it comes to investing in the global financial markets, it’s important to have a clear understanding of various financial instruments. One such instrument that may come across your radar is a depositary receipt (DR). But what exactly is a depositary receipt, and how does it work? In t...
A wet signature is a physical signature made by hand using a pen or any other writing instrument on a tangible document. It is called a “wet” signature because the ink from the pen is still wet when one signs on the paper. Wet signatures have been used over the years to signify an...
A banker’s acceptance, also known simply as a BA, is a negotiable instrument that is sometimes used by traders, particularly in international trade situations. Functioning as a time draft, the drawer of the acceptance creates an order for his or her bank to pay a specific amount of money ...
Definition: Cheque refers to a negotiable instrument that contains an unconditional order to the bank to pay a certain sum mentioned in the instrument, from the drawer’s account, to the person to whom it is issued, or to the order of the specified person or the bearer. ...
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Abearer stockcertificate is a negotiable instrument without endorsement and is transferred upon delivery. Someone who has physical possession of the stock certificate in bearer form is entitled to exercise all legal rights associated with the stock. Dividends are payable upon presentation of dividend cou...
Because a letter of credit is typically anegotiable instrument, the issuing bank pays the beneficiary or any bank nominated by the beneficiary. If aletter of credit is transferable, thebeneficiary may assign another entity, such as a corporate parent or a third party, the right to draw. ...