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 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.

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  • Not Negotiable — is a 1918 British silent crime film directed by Walter West and starring Julian Royce, Manora Thew and Gregory Scott.[1] 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 [nɪˈgəʊʆiəbl, 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


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