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LSDefine

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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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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