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What are the different types of negotiable and non negotiable instruments?
Wiki User
∙ 15y ago
types of negotiable instruments are drafts ,checks,notes,and certificates of deposit
# Types of negotiable instruments are 1.drafts -An order by one person to another person or to bear, 2.check- A draft drawn on a bank and payable on demand to bearer, 3. certificates of deposit- A note made by a bank acknowledging a deposit of funds made payable to the holder of the note, and 4. Note- A promise by one party to pay money to another party or to bearer.
Wiki User
∙ 15y ago
Wiki User
∙ 9y agoNegotiable Instruments are cheque, Bank Draft, Billl of Exchange, Promissory Notes, Thus, we can say negotiable instrument is a trasferable documnt, where negotiable means transferable and instrument means document.
Following are Non-negotiable instruments
Money Order
Postal Order
Deposit Receipt
Share Certificate
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You should send non negotiable instruments by?
The best way to send a non-negotiable instrument is with proof of delivery. This will force someone at the location to sign for the document and it is admissible in court.
What does non negotiable mean on a cheque?
It means that the value of the cheque is fixed and it cannot be negotiated or changed. The amount entered in the cheque is the exact amount anyone who deposits this cheque will get. Not a rupee more and not a rupee less. That is why Cheques are called non-negotiable instruments.
How many syllables are there in the word non-negotiable?
Non-negotiable has six syllables.
Is share certificate a non negotiable instrument?
yes, its a non negotiable instrument
What does not negotiable mean on a cheque?
It means you cannot cash it. A cheque has to be negotiable to be cashed. Non negotiable means it cannot be cashed. usually if you get a cheque with that stamped on it it is a sample or 'prize' lure for a contest.
Is a Treasury Warrant a negotiable instrument?
There are certain documents of title with limited negotiability which are also widely used in commercial transactions but have been held to be non-negotiable because they do not have the requisites that are essential under the Negotiable Instruments Law. They are beyond the scope of the Negotiable Instruments Law and are, therefore, governed by other laws. Among such documents are the following: Letter of credit, Treasury warrant, Postal money order, Bill of Lading, Certificate of Stock, and Warehouse receipt.
Is share certificate a negotiable instrument?
yes, its a non negotiable instrument
What is the difference between a negotiable certificate of deposit and a non negotiable certificate of deposit?
A negotiable CD is a transferable CD. This means unlike traditional non-negotiable CDs, it can be sold in the secondary markets to other investors. The investment amount on negotiable CDs is also substantially larger than non-negotiable CDs. It is mainly targeted at institutional investors and companies.
What is the difference between a negotiable certificate of deposit and a non-negotiable certificate of deposit?
A negotiable CD is a transferable CD. This means unlike traditional non-negotiable CDs, it can be sold in the secondary markets to other investors. The investment amount on negotiable CDs is also substantially larger than non-negotiable CDs. It is mainly targeted at institutional investors and companies.
Is a cheque negotiable instrument?
No. A cheque is a non-negotiable monetary instrument. The value of the cheque cannot be modified or negotiated and hence the term non-negotiable. The amount filled up by the cheque issuer is the value of the cheque and it would not change.
Discuss the different types of realist and non-realist approaches?
different types of realist and non-realist approaches?
Is cash a negotiable instrument?
No. Money is a non-negotiable instrument. All monetary instruments like currency notes or coins have a fixed value and it does not change every day. For example if you have a US $10 note in your hand, the value of that currency note is US $10 and that is exactly what it would be 100 years from now.
