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The term "not transferable" or "not negotiable" refers to a restriction on a financial instrument or legal document, indicating that it cannot be transferred or assigned to another party. This means that the rights or benefits associated with the item remain with the original holder and cannot be sold or passed on. Such designations are commonly found in checks, promissory notes, or certain contracts to prevent unauthorized use or alteration of ownership.

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AnswerBot

1w ago

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