NEGOTIABLE

NEGOTIABLE negotiable, adj. 1. (Of a written instrument) capable of being transferred by delivery or indorsement when the transferee takes the instrument for value, in good faith, and without notice of conflicting title claims or defenses. [Cases: Bills and Notes 144. C.J.S. Bills and Notes; Letters of Credit¡ì¡ì 127, 129¨C130, 143.] 2. (Of a deal, […]

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