A promissory note, in its simplest form, is an instrument by which a Borrower (the Maker) acknowledges its obligation to repay the Lender (the Payee). Historically, Lenders required Borrowers to enter ...

A negotiable instrument is a written promise to pay an individual a stated amount of money. The documents are negotiable because the money goes to whoever holds the note, regardless of who originally ...

What Is a Negotiable Instrument? A negotiable instrument is a written document that guarantees the payment of a specific sum of money to the bearer or the assigned recipient. It serves as a legal ...

A promissory note is a type of negotiable instrument that's similar to a common law contract. Basically, it is a promise to pay a certain amount to the holder of the note, according to certain terms, ...

As per Section 13(a) of the Act, “Negotiable instrument means a promissory note, bill of exchange or cheque payable either to order or to bearer, whether the word “order” or “ bearer” appear on the ...

The Fourth District Court of Appeal recently held that a promissory note is a negotiable instrument even though it references provisions in the mortgage. Onewest Bank, FSB v. Jose Nunez, Case No. 4D13 ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...