Negotiation of negotiable instruments: transfer that makes the transferee the holder, thereby constituting the instrument as negotiated. Negotiation occurs when a promissory note, bill of exchange or cheque is transferred so that the transferee becomes the holder; when this result is achieved the instrument is said to be negotiated.
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Negotiation of negotiable instruments: transfer that makes the transferee the holder, thereby constituting the instrument as negotiated.
Negotiation occurs when a promissory note, bill of exchange or cheque is transferred so that the transferee becomes the holder; when this result is achieved the instrument is said to be negotiated.
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