Glossary
What is Negotiable Instrument?
A commercial paper consisting of the cheque, promissory note and bill of exchange, whose formal requirements are set out in the law.
In enforcement proceedings reserved for negotiable instruments the debtor’s period for objecting is 5 days, and the objection does not stop the proceedings automatically. A challenge to the signature must be stated separately and expressly in the pleading.
Related terms
This definition is for general information; what the term means in your own file may differ. Let us assess your case together.