What Is a Negotiable Instrument? A negotiable instrument is a written document that guarantees the payment of a specific sum of money to the bearer or the assigned recipient. It serves as a legal ...
Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
Discover what a bank endorsement is, how it guarantees payment for negotiable instruments like letters of credit, and its types used in international trade.
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