A statement on a bill of exchange which prohibits it from being transferred or traded. The statement reads ‘not negotiable’, except in the case of check where it can be made non negotiable by crossing it. As such, the actual owner cannot transfer ownership of such bills.
What is NOT NEGOTIABLE?
- NEGOTIABLE BILL OF LADING (B/L)
- NON-NEGOTIABLE BILL OF LADING (B/L)
- NEGOTIABLE CERTIFICATE OF DEPOSIT (CD)
- WARRANTIES OF ENDORSER OF NEGOTIABLE INSTRUMENT
- NEGOTIABLE WORDS
- FREELY NEGOTIABLE CREDIT
- NEGOTIABLE CERTIFICATE OF DEPOSIT (NCD)
- FREELY NEGOTIABLE LETTER OF CREDIT
- NON-NEGOTIABLE INSTRUMENT
Featuring Black’s Law Dictionary
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