negotiability. The capability of commercial paper to have its title transferred by indorsement and delivery, or by delivery alone, so that the transferee has a rightful claim on it. • Negotiability (which pertains to commercial paper) differs from assignability (which pertains to contracts in general) because an assignee traditionally takes title subject to all equities, […]
words of negotiability 可流通性用语；可转让性用语 该等用语用于票据中，表示该票据可以向持票人或根据指示付款；用于单据中，表示可以向单据持有人或根据被指定人的指示交付货物。
words of negotiability Read More »
negotiation, n. 1. A consensual bargaining process in which the parties attempt to reach agreement on a disputed or potentially disputed matter. • Negotiation usu. involves complete autonomy for the parties involved, without the intervention of third parties. [Cases: Contracts 25. C.J.S. Contracts § 60.] “Negotiation, we may say, ought strictly to be viewed simply
backdate, vb. 1. To put a date earlier than the actual date on (something, as an instrument). • Under UCC § 3-113(a), backdating does not affect an instrument’s negotiability. Cf. POSTDATE. 2. To make (something) retroactively valid.
A check that has lines drawn across its face and writing that specifies the bank to which the check must be presented for payment. • The same effect is achieved by stamping the bank’s name on the check. The negotiability of the check at that bank is unaffected, but no other bank can honor it.
Securities. The basic conditions for delivery of a security, including that (1) the certificate is in good condition, (2) the certificate belongs to the person transferring it, (3) the certificate is properly indorsed, and (4) any legal documents necessary for negotiability must accompany the certificate.
negotiable words. The terms and phrases that make a document a negotiable instrument. — Also termed words of negotiability. See NEGOTIABLE INSTRUMENT . [Cases: Bills and Notes 147. C.J.S. Bills and Notes; Letters of Credit § 128.]