A negotiable instrument is a stock, a bond, or any other instrument of interest that represents an investment in a common enterprise with reasonable expectations of profits that are derived solely from the efforts of those other than the investor.

Question

Quizplus · Accepted Answer

A negotiable instrument is a written document that represents a promise or order to pay a specific amount of money, such as a check or promissory note. It is not a stock, bond, or investment in a common enterprise.

A Negotiable Instrument Is a Stock, a Bond, or Any