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单词 negotiable instrument
释义
negotiable instrument

negotiable instrument an instrument that constitutes an obligation to pay a sum of money and that is transferable by delivery so that the holder for the time being can sue in his own name. Negotiable instruments represent an exception to the general rule that a person cannot give a better title than he has. The categories of negotiable instrument include the BILL OF EXCHANGE, promissory notes and bear- er bonds.

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更新时间:2024/10/27 3:41:15