Banking Term: Negotiable Instrument

Find important banking term that is useful in upcoming banking exam.

Jan 2, 2015 10:53 IST
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Negotiable Instrument are those documents of title or evidence of indebtedness, which are transferable in trading as a substitute for money.

1. Promissory Notes/Bills of Exchange and Cheques are defined as ……………………..

a) Trust receipts

b) Judicial documents

c) Negotiable instruments

d) Documents of title to goods

e) None of these

Ans. c

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