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LSDefine

Simple English definitions for legal terms

negotiable note

Read a random definition: common law

A quick definition of negotiable note:

A negotiable note is a written promise to pay a certain amount of money. It must be signed by the person who promises to pay and can be paid on demand or at a specific time. It can be given to someone else by either giving it to them or writing their name on it. This means that the person who has the note can get the money from the person who promised to pay, even if they don't know each other. There are different types of negotiable notes, like checks and promissory notes.

A more thorough explanation:

A negotiable note is a written document that includes an unconditional promise or order to pay a specific amount of money. It is signed by the maker or drawer and is payable on demand or at a definite time. It can be payable to order or to bearer.

Examples of negotiable notes include promissory notes, bank checks, bills of exchange, certificates of deposit, and other negotiable securities.

For instance, if a person writes a promissory note to another person, promising to pay a specific amount of money on a specific date, it becomes a negotiable note. The person who holds the note can transfer it to another person, who can then demand payment from the maker of the note.

It is important to note that negotiable notes are subject to specific rules and regulations under the Uniform Commercial Code (UCC) and are different from other types of commercial paper that are not negotiable.

negotiable document of title | negotiable order of withdrawal

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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