- Words marked on a bill of exchange indicating that it ceases to be a negotiable instrument, i.e. although it can still be negotiated, the holder cannot obtain a better title to it than the person from whom it was obtained, thus providing a safeguard if it is stolen. A cheque is the only form of bill that can be crossed ‘not negotiable’; other forms must have it inscribed on their faces.
Accounting dictionary. 2014.
Look at other dictionaries:
Not Negotiable — is a 1918 British silent crime film directed by Walter West and starring Julian Royce, Manora Thew and Gregory Scott. Cast Julian Royce ... John Carslake Manora Thew ... Dorothy Saville Gregory Scott ... Claude Saville Hubert Woodward ...… … Wikipedia
not negotiable — Words marked on a bill of exchange indicating that it ceases to be a negotiable instrument, i. e. although it can still be negotiated, the holder cannot obtain a better title to it than the person from whom it was obtained, thus providing a… … Big dictionary of business and management
not negotiable — Fin wording appearing on a check or bill of exchange that it is deprived of its inherent quality of negotiability. When such a document is transferred from one person to another, the recipient obtains no better title to it than the signatory. See … The ultimate business dictionary
not negotiable — words often written on crossed cheques, which do not prevent the cheque from being transferred. See account payee only. Glossary of Business Terms … Financial and business terms
not negotiable — /nɒt nəˈgoʊʃəbəl / (say not nuh gohshuhbuhl) adjective (of a cheque) having been crossed, indicating that the person to whom it is given has no better title to it than the person had from whom it was received; popularly and inaccurately held to… … Australian English dictionary
not negotiable — Lacking the character of negotiability. See nonnegotiable instrument … Ballentine's law dictionary
Negotiable instrument — A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time. According to the Section 13 of the Negotiable Instruments Act, 1881 in India, a negotiable instrument means a… … Wikipedia
Negotiable Instruments Act, 1881 — The Negotiable Instruments Act, 1881 An Act to define and Law relating to Promissory Notes, Bills of Exchange and cheques. Citation Act No. 26 of 1881 … Wikipedia
negotiable — Salable. American Banker Glossary A security whose title is transferable by delivery . See also: negotiable instrument. Bloomberg Financial Dictionary * * * negotiable ne‧go‧ti‧a‧ble [nɪˈgəʊʆiəbl, ʆə ǁ ˈgoʊ ] adjective 1. BANKIN … Financial and business terms
negotiable — /nɪ gəυʃiəb(ə)l/ adjective 1. which can be transferred from one person to another or exchanged for cash ♦ not negotiable which cannot be exchanged for cash ♦ ‘not negotiable’ words written on a cheque to show that it can be paid only to a… … Dictionary of banking and finance