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Yes, commercial paper is considered a negotiable instrument. It is an unsecured, short-term debt instrument issued by corporations to raise funds, typically for working capital needs. As a negotiable instrument, it can be transferred to other parties, allowing holders to sell or endorse it to others. This transferability enhances its liquidity in the financial markets.

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1w ago

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What is an ABCP?

An ABCP is an asset-backed commercial paper - a negotiable instrument with short maturity.


Is share certificate a negotiable instrument?

yes, its a non negotiable instrument


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yes, its a non negotiable instrument


What does it mean that a note matures does it mean expires?

Maturity is a term subject to different meanings, but in a commercial paper context, it refers to the date on which a negotiable instrument, such as a promissory note or bill of exchange, becomes due and payable.


Is a wire transfer a negotiable instrument?

No You are asking if the medium of transfer is a negotiable instrument It is not. A wire transfer represents the medium (or method) of transfer. It is like asking if the stage coach transporting the money is a negotiable instrument, it is not. Money itself is a negotiable instrument, the medium itself is not.


Instrument of money market?

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What is material alteration in negotiable instrument?

Material alterations in a negotiable instrument are alterations on the face of the instrument altering how the instrument is paid or negotiated, and to whom negotiated. A material alteration to a negotiable instrument could also be the entry of a court order regarding the instrument that changes these aspects of the instrument.Generally, the laws affecting negotiable instruments are:(1) the provisions of Article 3 of the Uniform Commercial Code as enacted in State statute; and,(2) the common law interpreting the statutes; and,(3) common-law principles as to negotiable instruments exclusive of Article 3 of the UCC, if allowed for in State statute.


Why credit card is not a negotiable instrument?

Paper checks and cash can be countersigned and forward to a third party for payments in a unrelated situation. Credit card charges can not. The term "Negotiable Instrument," or "Instrument" is usually defined in law,


Does a post dated check comply with the definition of a check and is such a check a valid negotiable instrument?

no it does not complt with the definition of a cheque and its not a valid negotiable instrument


Is a certificate of deposit a negotiable instrument?

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Is a mortgage a negotiable instrument?

No, a mortgage is a contract.


What is material alteration in discharge of contract?

essential of negotiable instrument say's that a negotiable instrument must be unconditional so when we will alter any condition in it then it will be discharged.