answersLogoWhite

0

Torn currency can be negotiable, but its acceptance often depends on the extent of the damage and the policies of the financial institution or business handling it. In many cases, banks will accept torn bills if they are still recognizable and the tear does not compromise the bill's overall integrity. However, if the bill is severely damaged or missing significant portions, it may be deemed non-negotiable. It's best to check with local banks or retailers for their specific policies regarding torn currency.

User Avatar

AnswerBot

23h ago

What else can I help you with?

Related Questions

What is Currency notes?

A currency note is a banknote -- a type of negotiable instrument known as a promissory note, made by a bank, payable to the bearer on demand.


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.


When was Not Negotiable created?

Not Negotiable was created in 1918.


What was scotch tape used for?

Banks first used Scotch tape to mend torn currency during the Depression.


How do you spell negoable?

The correct spelling is "negotiable."


How do you spell negoshible?

The correct spelling is "negotiable."


Do you need to put tape on the torn money if you put in the bank?

Yes, you typically need to tape torn money before depositing it in the bank. Banks often require that currency be intact and may not accept severely damaged bills. Taping the torn edges helps to restore the bill's integrity, making it more likely to be accepted for deposit. However, it's best to check with your specific bank for their policies on damaged currency.


What part of speech is in the word negotiable?

The word "negotiable" is an adjective.


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.


How many syllables are there in the word non-negotiable?

Non-negotiable has six syllables.