Examlex
All of the following statements are true about the order of adjectives except
Negotiability
The characteristic of an instrument (like a check or promissory note) that allows it to be transferred from one person to another in a manner that conveys the instrument's benefits to the transferee.
Issuance
The process of officially issuing something, such as a document like a permit or license, or securities like bonds or stocks.
Indorsements
Signatures or stamps placed on a negotiable instrument, such as a check or promissory note, that specify the terms of its transfer or conditions of use.
Payable on Demand
A financial obligation that must be paid whenever the creditor requests it.
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