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Simple English definitions for legal terms

words of negotiability

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A quick definition of words of negotiability:

Words of negotiability refer to specific language used in a negotiable instrument, such as a check or promissory note, that indicates the instrument can be transferred from one person to another. These words make the instrument a valuable asset that can be bought, sold, or traded like currency. Essentially, they are the words that make the instrument "negotiable."

A more thorough explanation:

Definition: Words of negotiability refer to specific language used in a negotiable instrument that indicates the transferability of the instrument from one person to another. These words make the instrument a negotiable instrument, which means it can be transferred to another person by delivery or endorsement.

Examples: Some common words of negotiability include "pay to the order of," "bearer," and "or bearer." For instance, a check that says "pay to the order of John Doe" is a negotiable instrument because it can be transferred to someone else by endorsement. Similarly, a promissory note that says "payable to bearer" can be transferred by delivery.

Explanation: The examples illustrate how words of negotiability make an instrument transferable. In the case of the check, the words "pay to the order of" indicate that the check can be transferred to someone else by endorsement. In the case of the promissory note, the words "payable to bearer" indicate that the note can be transferred by delivery. These words are important because they allow negotiable instruments to be used as a form of payment or credit, making them more flexible and useful in commercial transactions.

words of limitation | words of purchase

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oh i was just lisenting to him on the car ride hnome
awman i was hopign to come home to a ucla wave
is it too late? its 2pm there
OMG U MEAN A NEW ALBUM OMGG NOW I CAN BE DISTRACTED AGAIN
shaquilleoatmeal
17:14
Nah not a Garmin, Apple watch
We not gonna see splitterus for 4 hrs
HAHAHAHHA
MRS CLITTERUS
JumpySubsequentDolphin
17:17
I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
wait but actually is there no wave today
i dont really like chromakopia that much i also havent gotten thru it
JumpySubsequentDolphin
17:18
idk splitty :(
if there's no gtown today that would be so cruel
surely gtown 12 minutes from now
I'm a chromokopia fan, but I don't like Tyler outside of that album
theres the spirit!!
JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
Kind of a controversial take. I like experimental albums a lot
babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
i think it is a controverisal take and i usually do too, i also think im giving an opinion too early cuz i habvent finished it at all
yeah seeing him live prob makes it a million times better
Thought I was dead is great raps
2024 such a great year for rap
JumpySubsequentDolphin
17:21
i like noid
even outside the beef. Noid is great too
JumpySubsequentDolphin
17:22
boogies album was the worst ever
JumpySubsequentDolphin
17:22
and i LOVE boogie
JumpySubsequentDolphin
17:23
like i would do anything for one chance w that man but better off alone and me vs myself were both not good
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