Simple English definitions for legal terms
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An order instrument is a written or printed document that can be used to evidence a debt or payment. It can be negotiable, meaning it can be transferred to another person, or non-negotiable, meaning it can only be paid to a specific person. Examples of order instruments include checks, promissory notes, and bills of exchange.
An order instrument is a written or printed document that can be negotiated or transferred to another person. It can be a negotiable document or instrument that represents a debt, such as commercial documents or negotiable instruments.
Examples of order instruments include:
These examples illustrate the definition of order instruments because they are all written or printed documents that can be transferred or negotiated to another person. They represent a debt or payment of money and can be used in commercial transactions.