A promissory note is a type of negotiable instrument that's similar to a common law contract. Basically, it is a promise to pay a certain amount to the holder of the note, according to certain terms, ...

A negotiable instrument is a written promise to pay an individual a stated amount of money. The documents are negotiable because the money goes to whoever holds the note, regardless of who originally ...

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Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

What Is a Negotiable Instrument? A negotiable instrument is a written document that guarantees the payment of a specific sum of money to the bearer or the assigned recipient. It serves as a legal ...

On May 18, 2009, the Australian Taxation Office (ATO) issued a Taxpayer Alert TA 2009/10 regarding the non-commercial use of negotiable instruments through self-managed superannuation funds (SMSFs).