non-negotiable instrument definition

non-negotiable instrument

Document of title (such as an air waybill) or a financial instrument (such as a crossed check) that may not be transferred from the holder or named party to another.

non-negotiable instrument is in the Banking, Commerce & Finance subject.

non-negotiable instrument appears in the definitions of the following terms: letter of credit (L/C), account payee only, non-negotiable, warehouse receipt and air waybill (AWB)

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