answersLogoWhite

0

What is a nonnegotiable instrument?

Updated: 9/15/2023
User Avatar

Sweetjovan

Lvl 1
13y ago

Best Answer

non-negotiable instrument

Document of title (such as an air waybill) or a financial instrument (such as a crossed check) that may not be transferred from the holder or named party to another. Another example of a non-negotiable instrument would be a government savings bond. These can only be redeemed by the owner of the bond and are not allowed to be sold to other parties.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is a nonnegotiable instrument?
Write your answer...
Submit
Still have questions?
magnify glass
imp