Examlex
Match each description with the item below.
-George Creel
Nonnegotiable
Pertaining to an item or document that cannot be transferred or assigned to another party in exchange for money or goods.
Assignment
The transfer of rights, property, or obligations from one party to another, often used in contexts such as contracts, leases, and insurance policies.
Qualified Indorsement
An endowment that restricts the transfer of a negotiable instrument except under certain conditions.
Negotiability
Negotiability refers to the characteristic of a document or instrument that allows it to be transferred or assigned from one party to another, ensuring the transferee obtains certain legal rights.
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