Examlex
refer to these countries as
Negotiable
Capable of being transferred or assigned to another party in return for value received; often used in reference to financial instruments.
Restrictive Endorsement
An endorsement that limits the transferability of an instrument or controls the manner of payment under an instrument.
Transferability
The ease with which ownership rights of certain assets, securities, or financial instruments can be transferred from one party to another.
Holder in Due Course
A party that acquires a negotiable instrument in good faith and for value, thus obtaining certain rights free from previous defenses.
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