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FrançaisA marine transport document showing that the shipment has been made with a designated carrier that includes the word “order” in the consignee field. Once signed by the carrier and endorsed by the shipper or whoever´s name follows the word…
Read MoreNegotiable instrument
A written document that can be used to transfer the rights embodied in it by mere delivery (in the case of instruments made out to bearer) or by endorsement and delivery (in the case of instruments made out to order)….
Read MoreNegotiable warehouse receipt
A certificate issued by an approved warehouse that guarantees the existence and the grade of a commodity held in store.
Read MoreNegotiating bank
In a letter of credit transaction, the bank that: receives and examines the seller´s documents for adherence to the terms and conditions of the letter of credit, gives value to the seller, so long as the terms of the credit…
Read MoreNegotiation
In banking, the action by which a negotiable instrument is circulated (bought and sold) from holder to another. In letter of credit transactions, the examination of the seller´s, documentation by the negotiation bank to determine if they comply with the…
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