Negotiable Instrument: A written promise or order to pay a specific sum of money that may be transferred by endorsement or delivery. The transferee then has the original payees right to payment.

 

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Negotiable Instrument: A written promise or order to pay a specific sum of money that may be transferred by endorsement or delivery. The transferee then has the original payees right to payment.

Negotiable: The ability to be sold or transferred to another party as a form of payment. Something which is negotiable is transferable by endorsement and delivery. A negotiable instrument could be a che . . . View Full Definition

Limited-Liability Instrument: A security, such as a call option, in which the owner can lose only the initial investment.

Alternative Mortgage Instruments: Variations of mortgage instruments such as adjustable-rate and variable-rate mortgages, graduated-payment mortgages, reverse-annuity mortgages, and several seldom-used variations.

Instruments: Notes issued by a federal agency whose obligations are guaranteed by the full-faith-and-credit of the government, even though the agency's responsibilities are not necessarily those of the U . . . View Full Definition

Instrumentation: Arrangement of music for a combined number of instruments.

Musical Instrument Digital Interface (MIDI): An interface as well as file format standard for using a musical instrument with a computer and recording and storing the data from it. A MIDI file contains information about recorded notes: . . . View Full Definition

Underlying Instrument: An underlying instrument is a security, such as a stock, a commodity, or other type of financial product, such as a stock index, whose value determines the value of a derivative investment o . . . View Full Definition

Negotiable-Order-Of-Withdrawal Account: A negotiable-order-of-withdrawal (NOW) account is an interest-bearing checking account that pays interest on the balance, usually at a rate comparable to a money market account. You may be r . . . View Full Definition

Negotiable Order Of Withdrawal (NOW): Demand deposits that pay interest.